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

https://mins.news/en/item/100905

- CNBC, 2026-10-15 06:12 UTC
- Economy
- Original: https://www.cnbc.com/2026/10/15/india-canada-fairfax-idbi-fdi.html

> 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.