Fairfax Financial IDBI Offer Leads Race for Govt–LIC Stake Sale
We from the finance news desk are watching a major shift in India’s banking landscape. The Fairfax Financial IDBI offer has taken centre stage in the race to acquire the controlling stake in IDBI Bank. The Indian government and Life Insurance Corporation of India (LIC) are moving closer to selling their combined 60.72% share in the bank, a move that could reshape ownership and strategy at one of the country’s oldest lenders. The deadline for financial bids is approaching by the end of December 2025. Among the bidders, Fairfax Financial has surged ahead, now seen as the likely frontrunner, especially compared to rival Kotak Mahindra Bank.
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