Bengaluru, July 14 -- which is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings banks, and discount houses, is in focus after the government stake sale news

With a market capitalization of Rs 93,019 crore, IDBI Bank Ltd's share on Tuesday made a day high of Rs 88.40 per share, up by 5.1 percent from its previous day's close price of Rs 84.10 per share. The share of the company gave a negative return of 12 percent over the last year.

Details of the Deal

India is close to accepting Fairfax Financial Holdings' revised offer to acquire a 60.7 percent stake in IDBI Bank, according to a Bloomberg report. Fairfax, whose earlier bid did not meet the government's reserve price, is now consider...