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India receives revised bids from Fairfax, Emirates NBD for IDBI Bank stake sale

India receives revised bids from Fairfax, Emirates NBD for IDBI Bank stake sale, to be completed within a month.

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Editorial Team
July 14, 2026
1 min read
India has ​received revised ‌financial bids from ​consortiums ⁠led by Canada’s Fairfax Financial and ‌Dubai’s Emirates NBD ‌for ‌the ⁠sale ⁠of a majority stake in IDBI ​Bank, ‌and the process is likely to ‌be completed within ​a month, a government ⁠source told Reuters ‌on Tuesday. Shares of IDBI Bank were trading 2.8% ‌higher at ₹86.38 as of 10:06 ⁠a.m. IST. Published on July 14, 2026

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