Reuters · October 15, 2026 · By Niharika Kulkarni

IDBI Bank Shares Fall Nearly 3% on Thursday After Government Approves Sale of Controlling Stake to Fairfax for $5.56 Billion

• Shares of IDBI Bank fell nearly 3% on Thursday, according to the report.
• The fall followed the Indian government's approval on Wednesday of the sale of a controlling stake in the bank to Fairfax Financial Holdings in a $5.56 billion deal.

Deal figure and share movement as reported by Reuters. Original headline: "IDBI Bank drops after Fairfax buys controlling stake for $5.56 billion".