{"id":309819,"date":"2026-10-15T10:28:33","date_gmt":"2026-10-15T04:58:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=309819"},"modified":"2026-10-15T10:28:33","modified_gmt":"2026-10-15T04:58:33","slug":"idbi-bank-share-price-crashes-6-percent-but-lic-is-up-1-percent-prem-watsa-led-52877-crore-fairfax-deal-decoded-for-investors","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/idbi-bank-share-price-crashes-6-percent-but-lic-is-up-1-percent-prem-watsa-led-52877-crore-fairfax-deal-decoded-for-investors\/","title":{"rendered":"IDBI Bank Share Price Crashes 6% but LIC Is Up 1%: Prem Watsa-Led Rs 52,877 Crore Fairfax Deal Decoded for Investors"},"content":{"rendered":"

IDBI Bank share price opened at Rs 89.86 on 15 Oct 2026 against a previous close of Rs 90.39 and fell as much as 6.05% to Rs 84.97. Fairfax will pay Rs 81 per share for 60.72% (Rs 52,878 crore), about 10.4% below Wednesday’s close (my calculation). LIC shares were reported up about 1%. The open offer price and size have not been announced.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

IDBI Bank share price fell as much as 6.05% to Rs 84.97 on 15 October 2026, a day after the stock rose about 9% to Rs 90.39 on the cabinet’s approval of the Fairfax deal. Fairfax Financial, led by Prem Watsa, will pay Rs 81 per share for 60.72% of the bank, a total of Rs 52,878 crore, which is about 10.4% below Wednesday’s close (my calculation). One report says the market had expected Rs 100 to Rs 110 per share, so the Rs 81 price disappointed, while LIC, which sells 30.24%, was reported up about 1%. The size and price of the open offer to minority shareholders have not been announced, and that is the biggest unknown for the IDBI Bank share price.<\/p>\n<\/p><\/div>\n

The IDBI Bank share price has moved sharply in two days. On 14 October the stock jumped as the government approved the sale of a controlling stake to Fairfax, touching about Rs 93.62 intraday, and on 15 October it opened at Rs 89.86 and slid.<\/p>\n

This guide decodes the deal for investors: who sells and who buys, how Rs 81 compares with the benchmark and the market price, what happens to LIC and the government, what the open offer could mean and the risks. Figures from different reports differ in places, and I flag those.<\/p>\n

Nothing here is a recommendation. The deal is approved but not complete, and the RBI fit and proper review is pending.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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