Canada company to be ‘strategic buyer’ of IDBI Bank; the price Rs 52,878 crore
The Indian Cabinet approved the sale of a 60.72% stake in IDBI Bank to Canada's Fairfax Financial Holdings for ₹52,878 crore. This marks the largest Foreign Direct Investment in India's financial sector, with the transaction expected to finalize by March 2027. Finance Minister Nirmala Sitharaman clarified that this is a restructuring, not a disinvestment.