IDBI Bank shares rise 3% today: Here we decode why
14 Jul 2026
IDBI Bank's shares witnessed a spike of over 3% in early trade today, following reports of the government's approval for the lender's strategic disinvestment.
The stock was trading at ₹86.82, up by 3.03% on the NSE at 12:00pm.
The development comes after Moneycontrol reported that high-level meetings were held yesterday to review the stalled sale process of IDBI Bank.
Government, LIC to divest combined 60.72% stake
Disinvestment plan
The government and LIC together hold nearly 95% in IDBI Bank and are looking to divest a combined 60.72% stake, along with management control.
Under the proposed transaction, the Centre plans to sell a 30.48% stake while LIC will divest 30.24% of its holding.
This strategic move is expected to pave the way for IDBI Bank's privatization process.
Fairfax Financial Holdings emerges as key bidder
Potential buyer
Canada-based Fairfax Financial Holdings has emerged as a major contender in the stake sale process. Fairfax India Holdings had submitted an expression of interest for the proposed acquisition and is among the bidders in this strategic disinvestment process.
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