VERIFIEDET Markets·15 Jul 2026positive

IDBI Bank shares jump 3% as Fairfax set to make biggest foreign investment in Indian lender, buy stake worth Rs 53,000 cr

AI Summary

·Fairfax Holdings has been finalized for the IDBI Bank stake sale, with the deal expected to be worth approximately Rs 53,000 crore.
·The government and LIC will divest shares in IDBI Bank as part of this transaction.
·Fairfax's offer of Rs 81 per share represents the largest foreign investment in an Indian bank.