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(15/10/2026 11:45)

IDBI Bank shares tumble 7.5% after Fairfax’s Rs 53,000-crore deal

Shares of IDBI Bank fell around 7.5% on Thursday after rallying sharply in the previous session, following the announcement that Canada’s Fairfax Financial Holdings would acquire a 60.72% stake in the lender for approximately Rs 53,000 crore (USD 5.5 billion).

The stock declined 7.54% to Rs 83.62 on the BSE, while it dropped 7.48% to Rs 83.62 on the NSE.

Ahead of the announcement on Wednesday, IDBI Bank shares had surged 9%, adding Rs 8,086 crore to the bank’s market capitalisation.
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