India's IDBI Bank sale to Fairfax faces final legal and regulatory review
Fairfax Financial Holdings will buy a nearly 61 percent stake in IDBI Bank in a ₹52,878 crore deal, the largest foreign direct investment in India's financial sector.
- Fairfax Financial Holdings will acquire nearly 61 percent of IDBI Bank in a ₹52,878 crore deal, the largest foreign direct investment in India's financial sector.
- The transaction is the largest foreign direct investment in India’s financial sector.
- IDBI Bank shares declined 12 percent in 2026, while intraday trade on Thursday saw a nearly 8 percent drop.
- The government owns 45.48 percent of IDBI Bank.
- Life Insurance Corporation of India will divest 30.24 percent of its stake in IDBI Bank.
- Fairfax Financial Holdings plans to combine IDBI Bank, Digit Insurance, and IIFL Capital into one entity.
- Mitsubishi UFJ Financial Group invested to acquire an ownership interest in Shriram Finance.
- The market regulator directed LIC to reduce its stake in IDBI Bank from 19 percent to 15 percent after divestment.
Outlets: Business Standard, Hindustan Times, International: Top News And Analysis, Scroll.in, The Economic Times, Times of India (Top)
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