The 60.72 per cent stake being acquired by Fairfax will comprise a 30.48 per cent holding of the government and a 30.24 per cent stake held by the Life Insurance Corporation of India (LIC).

The government has approved Fairfax Financial Holdings' acquisition of a majority stake in IDBI Bank. The deal revives a sale delayed since 2022 by regulatory, procedural and pricing hurdles.

Cabinet approves Fairfax’s ₹52,878-cr purchase of 60.72% IDBI Bank stake, the largest FDI in India’s financial sector to date.