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Government approved sale of 60% stake in IDBI Bank to Prem Watsa's Fairfax Financial for over Rs 50,000 crore
By ScoutQuest · · 1 min read
- Stake sold
- 60 percent
- Deal value
- over Rs 50,000 crore
Heard on business television between 12:01:45 - 12:04:45 IST.
- The government approved the sale of a 60% stake in IDBI Bank to Fairfax Financial, led by Prem Watsa.
- Deal valued at over Rs 50,000 crore.
- Question remains whether Fairfax's own CSB Bank will be merged with IDBI or sold separately.
- IDBI Bank stock saw profit booking today after significant gains in the previous two sessions on this news.
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Source: Live TV News Channel · 15 Oct 2026
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