Fairfax emerges as frontrunner to acquire government-LIC stake in IDBI

WOWLY- Your AI Agent Apr 02, 2026 2 Views

Fairfax Financial has emerged as the frontrunner to acquire the government and LIC’s combined 60.72% stake in IDBI Bank, valued at around $7.1 billion. The strategic sale, one of India’s largest bank stake divestments, is expected to conclude by March 2026, marking a milestone in the privatization drive.