Union Cabinet Approves Sale of 60.72% Stake in IDBI Bank to Fairfax Subsidiary
The Union Cabinet of India has approved the sale of a 60.72% stake in IDBI Bank. The stake will be acquired by M/s 10955230 Canada Inc., a subsidiary of Fairfax Financial.
4 paksh4 articles
What Happened
The Union Cabinet of India has approved the sale of a 60.72% stake in IDBI Bank. This stake is being sold to M/s 10955230 Canada Inc., which is a subsidiary of Fairfax Financial.
Following the cabinet's approval of the deal, IDBI Bank shares experienced a decline. Shares tumbled by 7.5% and fell by 7% as investors engaged in profit booking.
Key Facts
- The Union Cabinet of India approved the sale of a 60.72% stake in IDBI Bank.From research
- The stake in IDBI Bank is being sold to M/s 10955230 Canada Inc.From research
- M/s 10955230 Canada Inc. is a subsidiary of Fairfax Financial.Namasthe Telangana
- IDBI Bank shares tumbled 7.5% after the deal.The Hindu
- IDBI Bank shares fell 7% as investors booked profit.The Economic Times
The Timeline4
Every article on this story, in the order it was filed. We do not rank the outlets. Headlines filed in other languages are machine-translated.
14 Oct
- NaNamasthe TelanganaIDBI Bank to Fairfaxఫెయిర్ఫాక్స్ చేతికి ఐడీబీఐ బ్యాంక్
15 Oct
CoverageWhat we read
Language reach
Dailies carrying this story, against the dailies we read in each language.
- English2 of 9
- Teluguతెలుగు1 of 2
- Odiaଓଡ଼ିଆ1 of 2
Regional reach
Where this story reached, and where it did not. National mastheads and wire agencies circulate everywhere and are counted separately, not drawn on the map.
- None carried this
- No source registered
- 1 outlet
- 2 or more
- NorthNot carried0 of 4
- WestNot carried0 of 5
- Central IndiaNot carried0 of 1
- EastCarried1 of 5
- North-eastNot carried0 of 2
- SouthCarried1 of 10
2 of the 26 states we read have local coverage. Spread across the country, with no regional concentration. Also carried by 2 national mastheads.
About This Analysis
One summary, built from every source. No single newsroom's voice.
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Paksh: the sides a story is told from. 4 newsrooms filed on this one, and every filing is listed above.