Fairfax leads bid for IDBI Bank stake sale
after close1 source ↓written by the desknot a recommendation
- valued
- 60.72% stake
- valued
- $7 billion
- Bank shares
- 3.6%
- on the BSE
- ₹98.60
India’s IDBI Bank stake sale is nearing a critical phase, with Fairfax Financial positioned as the leading bidder for a 60.72% stake valued at nearly $7 billion. The deadline for financial bids is set for December-end, potentially extending into January.
Investors reacted positively, pushing IDBI Bank shares up 3.6% to ₹98.60 on the BSE as the bidding race narrows.
Not investment advice. For informational purposes only.