NSE seeks clarification on Fairfax offer news for IDBI Bank

Listed Co AcquisitionStrategic TransactionsExplain this filing

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

+2.7%Reaction day

₹84.05

prior close

₹86.39

announcement price

In-mkt

timing

Nifty Smallcap 250market-1.1%+3.8% vs market

Private Sector Bank peers, median of 19sector-1.7%+4.4% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Smallcap 250 and 4.4 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

-0.0

10m

+0.3

15m

+0.1

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.7-1.1+3.8-1.7+4.4

Next day

+2.2-0.4+2.6-0.7+2.9

+1.8-0.3+2.2-1.1+2.9

+3.5-0.9+4.4+0.1+3.4

+1.3-0.8+2.1-0.6+2.0

+3.2-0.4+3.6+1.3+1.9

+1.2-2.9+4.1-1.2+2.4

15d

+0.7+0.1+0.5+0.3+0.4

-2.1+0.6-2.7-0.5-1.6

-1.2-1.5+0.3-1.7+0.5

+6.9-1.9+8.8-2.1+9.0

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

NSE has asked IDBI Bank to respond to recent news reports that the government is close to accepting a sweetened offer from Fairfax Financial for acquiring a stake in the bank. The bank has not yet sent its response to the exchange.

Likely market impact

Awaiting bank's clarification; potential stake sale or ownership change if the news is confirmed.