{
  "id": 14642301,
  "title": "IDBI Bank Sale Explained: How Much Will LIC Get From ₹52,878 Crore Fairfax Deal & What Happens To Its Remaining Stake?",
  "url": "https://urgent.news/2026/10/15/idbi-bank-sale-explained-how-much-will-lic-get-from-52-878-crore",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T06:57:10.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/idbi-bank-sale-explained-how-much-will-lic-get-from-52878-crore-fairfax-deal-what-happens-to-its-remaining-stake"
  },
  "original_language": "en",
  "account": null,
  "summary": "Mumbai: The Union Cabinet has approved the sale of a 60.72 percent stake in IDBI Bank to Canadian financial services company Fairfax for Rs 52,878 crore. The transaction marks a major milestone in the government's efforts to restructure the lender, while raising questions about Life Insurance Corporation's (LIC) remaining ownership and financial gains. What Happens To LIC’s Stake? LIC, which…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Hindustan Times",
        "title": "Cabinet clears Fairfax’s ₹58k-cr IDBI majority stake acquisition",
        "url": "https://urgent.news/2026/10/15/cabinet-clears-fairfaxs-58k-cr-idbi-majority-stake-acquisition",
        "published": "2026-10-15T02:19:10.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "IDBI Bank Shares Plunge 7.45%, Cabinet Clears ₹52,878 Crore Fairfax Stake Deal",
        "url": "https://urgent.news/2026/10/15/idbi-bank-shares-plunge-7-45-cabinet-clears-52-878-crore-fairfax",
        "published": "2026-10-15T05:07:57.000Z"
      },
      {
        "outlet": "NDTV",
        "title": "Fairfax's $6 Billion IDBI Bank Deal Signals Zest For India's Assets",
        "url": "https://urgent.news/2026/10/15/fairfaxs-6-billion-idbi-bank-deal-signals-zest-for-indias-assets",
        "published": "2026-10-15T06:30:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}