India's IDBI bank set for fifth straight day of gains on reports of Fairfax buying stake in co

IDBI Bank

15/07/2026 06:56

** Shares of India's IDBI Bank IDBI.NS rise as much as 3.9% to 89.94 rupees; last up 1.3%
** IDBI set for fifth straight day of gains, if trend holds
** Canada's Fairfax Financial FFH.TO set to acquire Indian govt's stake in IDBI Bank for $5.5 bln, reported Economic Times on Wednesday
** Stake sale in co was revived on Tuesday after Dubai's Emirates NBD ENBD.DU and Fairfax revised their bids
** More than 30.5 mln shares change hands by 11:20 a.m. vs 30-day avg of 24.7 mln shares
** YTD, IDBI down 15%
     

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))