Business 16 sources · over 5 days 50 articles

India Approves Fairfax's ₹52,878 Crore Purchase of Controlling IDBI Bank Stake

The deal promises substantial proceeds for the government and LIC, but legal objections, management challenges and a pending closing still shape what happens next.

Read the full story → · Latest coverage 19 Oct 2026, 2:10 am UTC

Chapters · 3

  1. 1Fairfax Completes Acquisition of 60.72% Stake in IDBI Bank
  2. 2India Approves ₹52,878 Crore Sale of IDBI Bank Stake to Fairfax
  3. 3India Approves Fairfax's ₹52,878 Crore Purchase of Controlling IDBI Bank Stake

Key moments · 11

Cabinet approves Fairfax bid for majority IDBI Bank stake

Indian Express ↗

LIC receives ₹26,337 crore from IDBI exit

Business Line - Home ↗

Fairfax completes acquisition of controlling IDBI Bank stake

Bloomberg ↗

IDBI Bank shares fall 7.5% after Fairfax deal

Business Line - Home ↗

IDBI shares tumble as deal pricing comes into focus

The Hindu ↗

Sale set to push proceeds past annual target

NDTV Top Stories ↗

Fairfax proposes Digit and IIFL Capital interests contribution

Business Line - Home ↗

Fairfax plans advisers and ongoing leadership after acquisition

Business Line - Home ↗

Watsa bets on IDBI acquisition amid India growth prospects

Bloomberg ↗

Finance Ministry cites court ruling to defend dilution

Times now ↗

Employee resistance and asset quality emerge as challenges

Economic Times Business & Economy ↗

Coverage by day

newest first

1 article

  1. Challenges ahead for Fairfax's management of IDBI Bank post ₹52,878 crore stake deal approval
    Economic Times Business & Economy

4 articles

  1. IDBI Bank stake sale: FinMin cites High Court ruling, Budget speeches to reject irregularity claims
    Business Line - Home
  2. IDBI Bank Stake Sale: Finance Ministry Cites Delhi HC Ruling To Defend Centre’s Plan
    Times now
  3. IDBI Bank Stake Sale: Finance Ministry Says 2003 Law Does Not Bar Government From Diluting Holdings Amid Rs 52,878 Crore Fairfax Deal
    Swarajya
  4. Fairfax’s Watsa Bets On IDBI Payoff As India Booms, Report Says
    Bloomberg

4 articles

  1. Fairfax to engage Parekh, Sukthankar to advise it on IDBI Bank acquisition
    Business Line - Home
  2. IDBI Bank sale: What deal means for India’s larger disinvestment plans
    Indian Express
  3. Fairfax proposes to contribute its interests in Digit, IIFL Capital to IDBI Bank
    Business Line - Home
  4. IDBI stake sale: Welcome signal, build on it
    Opinion | The Indian Express

15 articles

  1. No ‘right of first refusal’ to Fairfax for residual stake sale in IDBI Bank
    Business Line - Home
  2. IDBI Bank Sale Explained: From Mounting NPAs To Fairfax Takeover Deal
    Times now
  3. India approves biggest foreign takeover of domestic bank
    Financial Times World
  4. IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nod
    Economic Times Business & Economy
  5. IDBI Bank's $5.6 Billion Sale Gives Centre Breathing Room On Oil. Here's How
    NDTV Top Stories

19 articles

  1. Fairfax named strategic buyer for 60.72% stake in India's IDBI Bank
    Breaking News on Seeking Alpha Business & Economy
  2. Rs 53k crore IDBI stake sale with LIC takes government past selloff target
    Times of India Top Stories
  3. Rs 53k crore IDBI stake sale with LIC takes government past selloff target - The Times of India
    The Times of India
  4. From RBI Action To Strategic Restructuring: Timeline Of IDBI Bank Stake Sale
    NDTV India
  5. IDBI exit brings ₹26,337 crore to LIC, but limited upside for shareholders
    Business Line - Home