IDBI Bank clarifies on Fairfax disinvestment rumor to BSE

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IDBI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹81.00

prior close

₹81.60

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.0%+0.6% vs market

Private Sector Bank peers, median of 19sector+0.1%+0.6% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Smallcap 250 and 0.6 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.5

15m

+0.4

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.0+0.6+0.1+0.6

Next day

+3.1-0.5+3.6-0.5+3.7

+2.5-2.9+5.4-2.8+5.3

+2.3-3.1+5.4-1.3+3.7

+1.2-2.3+3.5-1.0+2.2

+2.5-0.8+3.3-0.9+3.4

+2.3-0.9+3.3-1.0+3.4

15d

+6.6-4.2+10.8-3.6+10.2

+2.5-3.6+6.1-3.5+6.0

—————

UpDownMarket · Nifty Smallcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IDBI Bank replied to BSE on an Economic Times report dated September 8, 2026 stating Fairfax plans to exit IIFL Finance to fund an IDBI Bank bid, which caused a share price fall. Bank clarified that strategic disinvestment is a confidential GOI process, so it cannot confirm or deny the report. Bank has no role in IIFL Finance and is unaware of any undisclosed information affecting trading. No regulatory proceedings involved.

Likely market impact

Neutral clarification. Disinvestment is government-led and confidential, so no new actionable info for shareholders.