IDBI Bank shares remain near their 2006 level despite a privatisation-driven rally. Fairfax Financial has agreed to buy a 60.72% stake for about ₹53,000 cr, subject to regulatory nod. Analysts cite potential long-term benefits but warn of volatility, valuation risks and need for stronger earnings.
IDBI Bank shares remain near their 2006 level despite a privatisation-driven rally. Fairfax Financial has agreed to buy a 60.72% stake for about ₹53,000 cr, subject to regulatory nod. Analysts cite potential long-term benefits but warn of volatility, valuation risks and need for stronger earnings.
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