IDBI Bank Fairfax acquisition

IDBI Bank Shares Plunge 7.45%, Cabinet Clears ₹52,878 Crore Fairfax Stake Deal

IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nod

Shares of IDBI Bank fell over 7% to Rs 83.87 on Thursday, a day after surging nearly 13% following the Union Cabinet’s approval of Fairfax’s acquisition of a 60.72% stake in the lender. The decline comes amid profit-booking after the stock’s sharp rally on the long-awaited privatisation development.The stock had climbed to Rs 93.60 on Wednesday, its highest level in nearly two weeks, taking IDBI Bank’s market capitalisation above Rs 1 lakh crore. The rally followed the Cabinet’s approval of the sale of the government’s and LIC’s combined stake to Fairfax Financial Holdings’ subsidiary, M/s 109

IDBI Bank Sale Explained: How Much Will LIC Get From ₹52,878 Crore Fairfax Deal & What Happens To Its Remaining Stake?

Canada's Warren Buffett bets his billions on India

Fairfax plans to fold Digit, IIFL into IDBI Bank

Fairfax IDBI Stake Deal, Marco Rubio's Jamnagar Visit, And Houthi Missile Threat

Fairfax IDBI Stake Deal, Marco Rubio's Jamnagar Visit, And Houthi Missile Threat

IDBI Bank’s ₹53,000 Crore Fairfax Deal Targets FY27 Completion, RBI Approval Awaited

Moody's sees mild impact on Fairfax from IDBI deal