IDBI Bank’s share price fell about 11% in intraday trading after reports that Fairfax Financial Holdings has offered Rs 81 per share for a controlling stake of 60.72% in the lender. The proposed transaction is valued at roughly Rs 53,000 crore.
The reports describe Fairfax’s bid as a move toward acquiring a majority stake, with the potential to reshape ownership and governance at the bank. A broader context cited is the possibility of a merger with CSB Bank as part of the development, which investors are watching closely.
Market participants are focusing on the per share price and the size of the stake being considered, as these factors influence the deal’s value and perceived attractiveness to shareholders.
