Fairfax-IDBI Bank Deal: 60.72% Stake for Rs 52,932 Crore
Why in the news
Fairfax Financial Holdings of Canada was picked as the preferred bidder to buy a controlling 60.72% stake in IDBI Bank, subject to regulatory clearances.
Key facts
- Buyer: Fairfax Financial Holdings (Canada).
- Sellers: Government of India and LIC.
- Stake: 60.72% in IDBI Bank.
- Deal size: ₹52,932 crore.
- Status: preferred bidder; regulatory approvals still needed.
| Point | Detail |
|---|---|
| Target bank | IDBI Bank |
| Acquirer | Fairfax Financial Holdings, Canada |
| Stake | 60.72% |
| Value | ₹52,932 crore |
| Distinction | Largest foreign investment in an Indian bank, once completed |
Exam angle
- Banking one-liner: acquirer, target, stake percentage and value.
- Sellers: Centre plus LIC.
- Tag to remember: largest foreign investment in an Indian bank.