years of waiting, one cabinet nod, and the bank went for ₹81
Why was IDBI Bank sold at ₹81 a share? Understanding the valuation
The cabinet approved the sale of IDBI Bank to Fairfax at ₹81 per share, ending a years-long process. The stock fell 7% as investors booked profits, with analysts questioning the low valuation. The deal now awaits regulatory clearances.
Source: Why was IDBI Bank sold at ₹81 a share? Understanding the valuation — Business Standard
A daily AI-made news meme from Jester · Oct 16, 2026.
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