Idbi Bank Deal

IDBI stake sale to push disinvestment receipts past BE for second year

The 30.48 per cent divestment in IDBI Bank is expected to take the government's receipts from stake sales and asset monetisation past the BE of ₹80,000 cr

Moody's sees limited impact on Fairfax leverage from IDBI Bank takeover

Global rating agency Moody's on Monday said it expects Fairfax Financial Holdings' proposed acquisition of a majority stake in IDBI Bank to have limited impact on its financial leverage, citing the Canadian investor's funding plans and strong liquidity position. As of June 30, 2026, Fairfax's financial leverage stood at around 34 per cent, which declined to 27 per cent after excluding non-recourse debt at its non-insurance companies, Moody's said in a statement. The rating agency noted that it does not expect a significant increase in Fairfax's financial leverage, given its funding plans for the transaction. Moody's also highlighted Fairfax's policy of maintaining at least USD 1 billion in cash and liquid investments at the holding company at all times, a practice it expects the company to continue after the transaction. As of June 30, 2026, Fairfax had USD 2.3 billion in cash and liquid investments at the holding company, providing it with a liquidity cushion as it pursues the ...

IDBI Bank staff to hold two-day hunger strike against proposed Fairfax sale

Employees will stage a nationwide hunger strike on November 2-3, demanding that the government halt the proposed sale to Fairfax and retain majority ownership of IDBI Bank

IDBI Bank sale to Fairfax: FinMin cites 2003 law, Delhi HC judgment

The finance ministry on Saturday said the legislative history of the IDBI (Repeal) Act, 2003, a Delhi High Court judgement and successive Union Budget speeches reflect the evolution of its policy towards the strategic disinvestment of IDBI Bank. The Cabinet earlier this week approved strategic disinvestment of IDBI Bank by selling 60.72 per cent stake to Canada's Fairfax Financial Holdings for about Rs 53,000 crore (USD 5.5 billion). The deal is the largest foreign investment in India's financial sector so far and a major milestone in the country's banking privatisation drive. In a clarification on the legislative developments regarding reduction in government holding in IDBI Bank, the ministry said the Delhi High Court on December 17, 2018, held that the IDBI (Repeal) Act, 2003, contained no prohibition against reducing the government's stake in IDBI Bank Ltd. It may be recalled that during the Union Budget, 2003, discussions and the parliamentary debate on the IDBI (Repeal) Act, .

Fairfax Financial to retain Sharma as IDBI CEO, names Kannan chairman

Fairfax proposes N S Kannan as IDBI Bank chairman, retains Rakesh Sharma as CEO and expects to close its $5.6 billion acquisition as early as the first quarter of 2027

IDBI Bank sale likely to close by fiscal end after RBI nod: Dipam secy

The strategic transaction of IDBI Bank is expected to be completed by the end of the current financial year, subject to regulatory clearance from the Reserve Bank of India (RBI), DIPAM Secretary Arunish Chawla has said. The successful bidder will submit its technical papers to the RBI and present its credentials, including details required to meet additional compliance and regulatory requirements, he told PTI. After the RBI clears the successful bidder, he said, the share purchase agreement will be signed, paving the way for the transaction to be completed before the end of the current financial year. Addressing concerns over the interests of minority and retail shareholders, the Department of Investment and Public Asset Management (DIPAM) Secretary assured that their interests would be fully protected as part of the transaction. After the share purchase agreement is signed, the strategic buyer will be required to make an open offer to minority shareholders, providing them an ...

Maintained complete integrity for IDBI privatisation: Dipam secy Chawla

DIPAM Secretary Arunish Chawla discusses the ₹52,878 crore IDBI Bank stake sale, Fairfax's RBI clearance, disinvestment plans, capital receipts and the government's dividend outlook.

Fairfax Financial plans to merge Digit, IIFL Capital with IDBI Bank

Fairfax plans to combine IDBI Bank, Digit Insurance and IIFL Capital Services into an integrated financial services entity, subject to regulatory approvals

IDBI Bank stake sale to push divestment to 8-year high, exceed FY27 target

The total stake sale approved in IDBI Bank to Canada-based Fairfax Holdings is ₹52,878 crore, with Life Insurance Corporation of India (LIC) and the government selling a combined 60.72 per cent stake

Why was IDBI Bank sold at ₹81 a share? Understanding the valuation

The government used an independent valuation benchmark of ₹75.99 per share after rejecting an earlier bid of ₹75 that fell short of the ₹94.42 reserve price

Meet Prem Watsa, the Canadian billionaire behind Fairfax's IDBI bet

Known as Canada's Warren Buffett, the Hyderabad-born investor has made India a long-term bet, with the proposed IDBI Bank acquisition marking his latest big move

IDBI Bank tanks 6% after deal with Fairfax finalised; what's ailing stock?

The IDBI Bank stake sale announcement, which came after market hours on Wednesday, marks the biggest foreign investment in India's financial services sector.

IDBI Bank's $6 billion Fairfax deal signals zest for Indian assets

Fairfax's acquisition of a 60.7% stake in IDBI Bank for nearly $6 billion comes as Blackstone explores IIFL Finance and Japan's MUFG studies options to gain majority control of Shriram Finance

Stocks to watch: IDBI Bank, Reliance, Wipro, TechM, Nestle, Jio Financial

HDFC Life Insurance, Jio Financial Services, Nestle India, Tech Mahindra, Wipro, HDFC AMC will announce Q2FY27 results today.

IDBI Bank stake sale price a surprise; no rub-off on PSU stocks: Analysts

At the bourses, IDBI Bank stock has been an underperformer and has slipped 13.4 per cent year-till-date (YTD) till October 14 as compared to the NSE 500 index that lost 7.8 per cent during this period

IDBI Bank acquisition puts Fairfax's CSB Bank stake at a crossroads

Fairfax Financial Holdings Ltd., led by Canadian billionaire Prem Watsa, is set to acquire nearly 61 per cent stake in IDBI Bank for $5.6 billion, marking the largest foreign investment in banks

Fairfax Financial buys IDBI for $5.6 billion in India's biggest bank deal

Fairfax joins a wave of foreign firms expanding in India, drawn by the burgeoning wealth class and the world's fastest-growing major economy

IDBI Bank rises 4% on fresh privatisation buzz; right time to buy?

IDBI Bank privatisation news: A Bloomberg report said that Fairfax Financial Holdings, founded by Indian-born Canadian billionaire Prem Watsa, might raise its per-share bid by a few rupees.

IDBI Bank shares jump 8% after FM says 'disinvestment process to continue'

IDBI Bank disinvestment: FM Nirmala Sitharaman has said that the government will proceed with the stake sale in the lender.

IDBI Bank shares fall 7% as govt mulls OFS route to pare stake

IDBI Bank share price: Notably, the sentiment has been dented after the government's IDBI Bank privatisation bid failed, as the bids from two potential buyers were below the reserve price