A Ministry of Finance FAQ published on October 14, 2026 identifies 10955230 Canada Inc., whose parent is Fairfax Financial Holdings Ltd., as the approved strategic buyer for IDBI Bank. The transaction concerns a 60.72% holding. The document also sets out further RBI-related steps, so the announcement should not be described as proof of a completed ownership transfer.
What the official transaction figures say
| Item | Official figure |
|---|---|
| Stake being sold | 60.72% |
| Government portion | 30.48% |
| LIC portion | 30.24% |
| Purchase consideration, rounded | ₹52,878.08 crore |
| Government residual stake described in FAQ | 15% |
| LIC residual stake described in FAQ | 19% |
The FAQ gives the purchase consideration as ₹52,878.0806181 crore; the table rounds it to two decimal places. The stake comes from existing government and LIC holdings. This consideration is therefore not the same as fresh capital paid into IDBI Bank, its revenue or its profit. The FAQ says the sellers will receive the proceeds in the proportion of their stakes being sold.
Why buyer approval is not the final step
In its answer on the next course of action, the FAQ says the successful bidder would present its credentials to the RBI in accordance with the fit-and-proper assessment at the expression-of-interest stage and submit a roadmap for compliance with the prescribed regulatory conditions. CapKet has not verified a subsequent completion notice. Neither a completed share transfer nor a final date for it is asserted here.
The FAQ describes government and LIC residual holdings of 15% and 19%, respectively, and says both would withdraw their board nominees and become public shareholders. These are the transaction arrangements described in the document, not a claim that all changes had already taken effect at the source-check time.
The background document is not a current market quote
DIPAM’s October 7, 2022 preliminary information memorandum had already described a 60.72% stake sale with transfer of management control, split into government 30.48% and LIC 30.24%. That older document provides the transaction framework; the October 14, 2026 FAQ is the evidence for the newly named buyer. Historical figures in the memorandum are not current bank financial results.
This report does not verify a live IDBI share price, an open-offer entitlement for public investors or the investment merits of buying the stock. Read any later exchange, RBI and transaction notices before treating a proposed or pending step as completed. Related practical banking report: Apple Pay India card eligibility.
Official sources and checks
Sources checked: 15/10/2026, 03:51:43 IST. October 14, 2026 official FAQ · October 7, 2022 transaction framework.
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.