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IDBI Bank stake sale: How ₹52,877 crore Fairfax deal will impact LIC, IDBI share price today?

IDBI Bank stake sale: How ₹52,877 crore Fairfax deal will impact LIC, IDBI share price today?

The Indian government has approved the sale of a 60.72% stake in IDBI Bank to Canada's Fairfax Financial Holdings for ₹52,877 crore. This deal will impact LIC, which holds a 51% stake in IDBI Bank, and may affect the share prices of both IDBI Bank and LIC.

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