Story thread · 7 reports / 4 sources

IDBI Bank Stake Sale: Fairfax Bid, ₹53,000 Cr Valuation & Deal Delay Explained

businesstoday.in · 5dShare

IDBI Bank’s proposed 60.7% stake sale is moving towards the final stage, but valuation remains a key concern. Business Today’s Karishma Assodani brings the latest details, with the government reviewing Fairfax Financial Holdings’ revised offer, reportedly around ₹81 per share, which could value the lender at nearly ₹53,000 crore. The deal has faced multiple hurdles over the past five to six years, including valuation concerns and delays. Chakri Lokapriya, Managing Partner, RSB LLP, says the uncertainty has created a valuation gap in IDBI Bank. While he hopes the stake sale goes through, he prefers to remain on the sidelines until the deal is concluded

First report: Fairfax Said to Exit IIFL Finance Before Likely IDBI Bank Deal — bloomberg.com, 8d