The Cabinet Committee on Economic Affairs cleared sale of 60.72% stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,878 crore on October 15. Government stake reduces significantly in major FDI move.
Deepak Gupta
Oct 15, 2026
This article was curated with AI assistance and published by the MBN News Desk.
On October 15, the Cabinet Committee on Economic Affairs cleared the sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for ₹52,878 crore. This sale marks a significant reduction in the government's ownership in the bank, reflecting a major FDI move.
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