Business

IDBI Bank Selloff to Canada's Fairfax Amid Fiscal Pressures

Updated 2026-10-15 06:40 UTC 1 source Negative

India’s IDBI Bank saw its stock fall 7% after the government announced a $5.5 billion stake sale to Canada's Fairfax, as it divests state-owned companies amid fiscal challenges.

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CNBC

India’s IDBI Bank falls 7% as government announces $5.5 billion stake sale to Canada's Fairfax

The Indian government has been divesting its stake in several state-owned companies this year as it tries to keep its growth engine running amid deepening fiscal pressures.

2026-10-15 06:12 UTC