Announced Wed, 14 Oct, 2026 · 20:48 IST
Govt cleared sale of 60.72 percent in IDBI Bank to Fairfax for Rs 52,878 Cr
IDBI · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹89.85
prior close
₹89.86
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.4-4.3-4.3-5.6——————————
Up moveDown movePending
AI summary
CCEA approved Fairfax Financial Holdings subsidiary 10955230 Canada Inc. as the strategic buyer of a 60.72 percent stake in IDBI Bank for Rs 52,878.08 Crores at Rs 81 per share, above the Rs 75.99 benchmark price. GoI sells 30.48 percent and LIC sells 30.24 percent. After the deal, GoI retains 15 percent and LIC retains 19 percent. Set to be the largest FDI in India's financial sector. The buyer still needs RBI Fit and Proper clearance.
Likely market impact
Controlling ownership shifts to Fairfax subsidiary; GoI and LIC become minority shareholders. Biggest financial sector FDI so far. Stock likely to re-rate on deal completion.