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IDBI Bank disinvestment could force Fairfax open offer

IDBI Bank logoIDBI Bank
Sig3.15Sen-2.75Env0.00Soc-1.60Gov-4.35

Proposed disinvestment of IDBI Bank may trigger a mandatory open offer by Fairfax Holdings, though no DIPAM proposal to require one is reportedly in place. The Government and LIC plan to sell a combined 60.72% stake. EAS Sarma criticizes the low reserve price, process transparency, a claimed breach of a 2003 parliamentary assurance, and treatment of minority shareholders, noting IDBI Bank’s July 14, 2026 disclosure said DIPAM’s proposal was unknown to the bank and its shareholders.

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