金融控股有限公司收购印度工业发展银行有限公司控股权的交易是印度银行业有史以来规模最大的外国投资。该交易还具有不寻常之处，即未有任何主要投资银行参与。
Financial Holdings Ltd.’s acquisition of a controlling stake in IDBI Bank Ltd. was the biggest foreign investment in India’s banking sector. It was also unusual in that no major investment banks were involved.
这笔价值56亿美元的交易，售予加拿大亿万富翁普雷姆·瓦茨旗下的公司，已于周三获批。与其他数十亿美元交易不同，FFX和IDBI决定内部处理该交易，甚至未启动正式流程聘请财务顾问。
The $5.6 billion sale to Canadian billionaire Prem Watsa’s firm was approved Wednesday. Unlike other multibillion-dollar deals, Fairfax and IDBI decided to handle the transaction internally, without even starting a formal process to hire financial advisers.
印度总理纳伦德拉·莫迪政府一直在寻求出售总部位于孟买的贷款机构，这是其削减银行业国有所有权努力的一部分。但该出售常因诸如监管批准延迟等障碍而受阻。
Prime Minister Narendra Modi’s government has been looking to sell the Mumbai-based lender for several years, part of its efforts to pare state ownership in the banking sector. But the sale had often run into hurdles such as delays in securing regulatory approvals.
毕马威获得了就该出售向新德里提供咨询的角色。一份宣布该交易的声明称，两家专业机构协助政府得出了公平估值，但未提及其他顾问。
KPMG secured a role advising New Delhi on the sale. A statement announcing the transaction said two professional agencies helped come up with a fair valuation for the government, without naming any other advisers.
该策略本可帮助FFX和IDBI节省数百万美元，尽管印度因支付低额顾问费而臭名昭著。与此同时，投资银行家们错失了一笔潜在收入和在联盟排名中的提升机会。
The strategy would’ve helped Fairfax and IDBI save millions of dollars, even though India is notorious for paying low advisory fees. Investment bankers, meanwhile, missed a potential payday and a boost up the league tables.
虽然印度对所有权结构和投票权保持严格监管，但其对银行资产的外国兴趣变得更加开放。一些最大的境内交易涉及来自中东和日本的买家。阿联酋国家银行PJSC收购了RBL银行有限公司的多数股权，而国际控股公司投资于萨曼资本有限公司。三菱日联金融集团株式会社、住友金融集团株式会社和瑞穗金融集团株式会社均已在印度金融公司购买股权。
While India maintains tight oversight of ownership structures and voting rights, it has become more receptive to foreign interest in its banking assets. Some of the biggest inbound deals have involved buyers from the Middle East and Japan. Emirates NBD Bank PJSC bought a majority stake in RBL Bank Ltd., while International Holding Co. invested in Sammaan Capital Ltd. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. have all bought stakes in Indian financial firms.
所有这些交易均由主要全球投资银行提供咨询。FFX和IDBI可能在以后向股东发出公开要约时仍会引入投资银行，但目前，常见参与者被留在场外。
Major global investment banks advised on all of those deals. Fairfax and IDBI may still bring in an investment bank later for the open offer to shareholders, but for now the usual suspects are left on the sidelines.
IDBI、Fairfax和财政部的代表没有立即回应置评请求。
Representatives for IDBI, Fairfax and the Finance Ministry didn’t immediately respond to requests seeking comment.