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IDBI Bank Sells 60.72% Stake To Fairfax For Rs 52878 Crore


14 October 2026
IDBI Bank Ltd.

CCEA approved sale of 60.72% stake (GoI 30.48%, LIC 30.24%) to Fairfax's 10955230 Canada Inc for Rs52,878cr at Rs81/share above Rs75.99 benchmark valuation; residual GoI 15%, LIC 19%. Context: resolves long-pending strategic divestment overhang.


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