BusinessPhoto: Firstpost BusinessGovernment to Sell 60.72% Stake in IDBI Bank to Fairfax for Rs 52,877 Crore
The government will sell a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,877 crore. This marks the largest strategic disinvestment in India since Air India's sale. The deal will transfer controlling ownership and management of the bank, advancing the government's banking sector disinvestment agenda. IDBI Bank's privatisation is a significant move given its public-sector origins.
Firstpost Business·


