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IDBI sale to Fairfax faces scrutiny over valuation changes, restricted bidding

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Former Union secretary E.A.S. Sarma has sought an independent inquiry and parliamentary debate before government and LIC surrender control of the lender

Former Union secretary E.A.S. Sarma has sought an independent inquiry into IDBI Bank’s disinvestment, questioning valuation changes, restricted competition and transparency Fairfax’s proposed Rs 52,878 crore acquisition of a 60.72 per cent stake has ... [5792 chars]

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Section
Business
First reported by
National Herald
Published
Tuesday, 20 October 2026, 12:00 pm IST
Coverage
One outlet so far

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