IDBI Bank's ₹52,000 Crore Fairfax Deal: What It Means

In this episode of Markets Today, we decode 3 big stories — the government and LIC selling IDBI Bank's controlling stake to Fairfax, Jio's AI bet ahead of its IPO, and SEBI's changes to the Closing Auction Session.

IDBI Bank's ₹52,000 Crore+ Stake Sale To Fairfax Fairfax's subsidiary will pay ₹81 a share for 60.72% (Centre 30.48%, LIC 30.24%), subject to RBI requirements. IDBI's gross NPA fell from 31.78% in September 2018 to 2.32% in March 2026, raising the question of how much foreign control banks should have.

Jio's AI Bet Beyond Telecom Jio plans to raise ₹30,200 crore at a valuation above ₹10 lakh crore, with AI as its next growth phase. It has a 70:30 JV with Meta (Reliance Intelligence) and a Gemini distribution tie-up with Google, but the challenge is turning 50.8 crore subscribers into paying AI users.

SEBI Revises The Closing Auction Session Most changes take effect on 7 December 2026, with expiry-day settlement based on the VWAP of the final 15 minutes. Jefferies says this could help brokers if order activity, which fell below pre-CAS levels, recovers, but the impact is not automatic.