Fairfax Financial Leads Competitive Bidding to Buy Majority of IDBI Bank

Two professional valuation firms independently assessed IDBI Bank’s fair market value at ₹75.99 per share. Fairfax Financial Holdings submitted the highest qualified bid of ₹81 per share, comfortably exceeding the benchmark.

The winning bid satisfied the criteria set by the “Fit and Proper” assessment mandated by the Reserve Bank of India. Fairfax must now present a detailed roadmap to meet all regulatory conditions before the final transfer can be effected.

The process underscores the government’s emphasis on transparency and value maximisation in large‑scale asset sales.