IBIDBI Bank500116Banking

Cabinet approved Fairfax Financial's acquisition of about 60.7-60.72% stake in IDBI Bank for roughly Rs 53,000 crore, valuing shares at Rs 81 each

By ScoutQuest · Thu 15 Oct 2026, 10:33 AM IST · 1 min read

Stake being sold

60.72 percent

Deal value

53,000 crore rupees

Alternative deal value figure

52,878 crore rupees

Price per share

81 rupees

Previous closing price

slightly over 90 rupees

Heard on business television between 10:33:28 - 10:36:28 IST.

• Fairfax Financial will acquire 60.72% stake in IDBI Bank for Rs 52,878 crore, called India's largest FDI deal in the financial sector once completed.
• LIC's stake will decline from 49% to 19% as part of the deal.
• The Rs 81/share price is 6.6% above the independent valuation benchmark but about 10.4% below IDBI Bank's October 14th closing price of over Rs 90.
• Fairfax already owns around 40% of CSB Bank; RBI rules mean it cannot run two competing banks indefinitely, so it has two years to resolve the overlap via a sale or merger.
• Nearly 95% of IDBI Bank is held by government and LIC, leaving only about 5% in public hands, meaning market price may not be a meaningful valuation benchmark; key triggers ahead are RBI approval, funding plan, and resolution of the CSB Bank overlap.

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