Canadian Fairfax Financial Holdings To Acquire 60.72% Stake In IDBI Bank From LIC And Government of India
Posted on October 16, 2026 by Rohit Bains
Canada’s Fairfax Financial Holdings is set to buy a 60.72% controlling stake in IDBI Bank for ₹52,878 crore (about $5.6 billion), at ₹81 a share. The Union Cabinet approved the sale on 14 October 2026. The Reserve Bank of India must still clear it. KEY TAKEAWAYS Fairfax will buy 60.72% of IDBI Bank: 30.48% from […]