India approves Fairfax’s 60.72% acquisition of IDBI Bank for ₹52,878 crore2026-10-15India’s Union Cabinet approved the sale of a combined 60.72% stake in IDBI Bank to Fairfax Financial Holdings, transferring management control to the Canadian company.Fairfax’s subsidiary will buy 30.48% from the government and 30.24% from LIC for ₹52,878.08 crore, or ₹81 per share.After the sale, the government will retain a 15% stake and LIC a 19% stake in the bank.The transaction still requires regulatory clearances, including an RBI assessment of Fairfax and approval from the Competition Commission of India.Largest-ever FDI in India’s financial sector: Cabinet approves sale of IDBI Bank to Fairfax for ₹52,878 crore (The Hindu)In largest FDI deal, Fairfax to buy 60.72% in IDBI for Rs 53,000 crore - The Tribune (The Tribune)Cabinet clears Fairfax’s ₹58k-cr IDBI majority stake acquisition; Centre, LIC to retain minority stakes (Hindustan Times)IDBI, poster boy for more privatisation (The Economic Times)EAS Sarma IDBI disinvestment letter: What he wrote? IDBI Bank shares in focus after massive ₹52,878 crore Fairfax deal (Mint)Fairfax chief Watsa bullish on India boom (The Economic Times)What’s next for IDBI Bank stock after Q2 net profit slumps 39%, massive Fairfax deal? Key factors investors should watch (Mint)ஐ.டி.பி.ஐ. வங்கி பரிவர்த்தனை நிதியாண்டுக்குள் முடிவடையும்-மத்திய அரசு (Daily Thanthi)