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IDBI Bank shares crash 6%: Why is the stock falling?

The Union Cabinet on Wednesday approved the sale of a combined 6072 stake in IDBI Bank by the Centre and Life Insurance Corporation of India LIC to a Fairfax-backed entity for Rs 52878 crore The deal involves the government's 3048 stake and LIC's 3024 holding in the bank

IDBI Bank shares crash 6%: Why is the stock falling?