📰 ET Markets 🔴 BEARISH 🕒 15 Oct 2026, 12:07 PM IST

IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nod

⚡ Instant Key Takeaways (TL;DR)

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Core Development: IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nod

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Market & Financial Impact: IDBI Bank shares plunged as investors booked profits after a nearly 13% rally in the previous session following the Cabinet’s approval of Fairfax’s acquisition of a 60.72% stake in the lender. The stock had hit Rs 93.60 on Wednesday, lifting its market capitalisation above Rs 1 lakh crore. The Rs 52,878 crore deal marks a major step in IDBI Bank’s long-awaited privatisation, with Fairfax’s bid of Rs 81 per share exceeding the independent valuers’ average fair value of Rs 75.99.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

The Rs 52,878 crore Fairfax deal marks a major step in IDBI Bank’s long-awaited privatisation.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nod

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