IDBI Bank shares in focus as Fairfax, Kotak advance in stake sale process

IDBI Bank shares are in focus as Fairfax Financial and Kotak Mahindra Bank emerge as top contenders for a controlling stake. The government and LIC are selling 60.72%, with financial bids expected by December’s end. Both bidders have received RBI clearance, and a reserve price will be set post-bid submission.