Frequently Asked Questions (FAQs) on Strategic Restructuring of IDBI Bank Ltd.

The Ministry of Finance has released Frequently Asked Questions detailing the strategic restructuring and privatization of IDBI Bank Ltd. M/s 10955230 Canada Inc. (parent entity M/s Fairfax Financial Holdings Ltd.) has been approved as the strategic buyer for a purchase consideration of Rs. 52,878.0806181 Crores. The transaction involves the sale of a 60.72% total shareholding, split between the Government of India (30.48%) and the Life Insurance Corporation of India (30.24%). Post-transaction, the Government of India will retain a 15% residual stake and LIC will retain a 19% residual stake. The transaction represents the largest Foreign Direct Investment in India's financial sector to date, expected to infuse private capital, technology, and management practices into the bank.