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IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nod

viaeconomictimes.indiatimes.com15 Oct
IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nod
IDBI Bank shares plunged as investors booked profits after a nearly 13% rally in the previous session following the Cabinet’s approval of Fairfax’s acquisition of a 60.72% stake in the lender. The stock had hit Rs 93.60 on Wednesday, lifting its market capitalisation above Rs 1 lakh crore. The Rs…

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