EconomyIDBI Bank falls 7% after India announces $5.5 billion stake sale to Canada’s Fairfax

IDBI Bank shares fell 7% after India announced a $5.5 billion sale of its stake to Canada’s Fairfax. The government has been selling holdings in several state-owned companies this year as it seeks to sustain growth amid mounting fiscal pressures.

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CCNBC★★★☆☆2026-10-15 06:12Original