Shares of IDBI Bank surged 9% before the announcement on Wednesday (October 14), adding ₹8,086 crore to its market valuation. | Photo Credit: Reuters Shares of IDBI Bank fell 7.5%…
Tag: IDBI Bank sale
Cabinet approves Fairfax’s ₹52,878-crore bid for IDBI Bank; largest FDI ever in India’s financial sector
The proposed sale of a combined 60.72% stake held by the government and Life Insurance Corporation of India (LIC) would transfer control of the lender to Fairfax. File. | Photo…