{"data": {"schema": "publicfeed.update.v1", "id": "PIB-2323318", "url": "https://publicfeed.in/orders/PIB-2323318", "headline": "Government approves sale of 60.72% stake in IDBI Bank to Canadian entity", "summary": "The Ministry of Finance announced on 14 October 2026 that the Cabinet Committee on Economic Affairs approved M/s 10955230 Canada Inc. as the strategic buyer for a 60.72% stake in IDBI Bank Ltd. The acquisition, valued at Rs 52,878.0806181 crore, includes a 30.48% share from the Government of India and 30.24% from LIC. The buyer must now present credentials to the Reserve Bank of India and provide a regulatory compliance roadmap. The release does not say when it takes effect.", "key_points": ["Purchase price: Rs 52,878.0806181 crore", "Stake sold: 60.72% (30.48% from GoI and 30.24% from LIC)", "Winning bid price: Rs 81 per share", "Residual holdings: GoI retains 15% and LIC retains 19% stake", "Buyer: M/s 10955230 Canada Inc. (parent entity M/s Fairfax Financial Holdings Ltd.)"], "issued_date": "2026-10-14", "listing_date": "2026-10-14", "document": {"form": "Press release", "number": "2323318", "type": "Press release", "legal_character": "informational_communication", "functions": ["announces"], "cites": []}, "issuer": "Ministry of Finance", "department": "Ministry of Finance", "source": {"key": "pib", "name": "Press Information Bureau", "site": "pib.gov.in", "official_url": "https://www.pib.gov.in/PressReleseDetail.aspx?PRID=2323318"}, "topics": ["disinvestment", "banking", "fdi"], "reader_topics": ["Government services"], "intent": "updates", "states": [], "national": true, "places": [], "applies_to": ["Strategic Buyer"], "dates": [{"kind": "event", "date": "2026-10-14", "wording": "14/10/2026", "what": "CCEA meeting to approve Strategic Buyer", "counts_from": null}, {"kind": "event", "date": "2022-10-07", "wording": "07.10.2022", "what": "Issuance of Preliminary Information Memorandum", "counts_from": null}], "revision": "ba6a6c93249b06ca", "recorded_at": "2026-10-14T12:41:36.200841+00:00", "provenance": {"method": "ai_summary", "automated_check": "pass", "human_review": "pending"}}, "meta": {"schema": "publicfeed.update.v1", "count": 1, "next": null, "plan": "free", "feed_updated_at": "2026-10-23T21:40:35.949254+00:00", "generated_at": "2026-10-23T22:05:17+00:00"}, "attribution": "Data: PublicFeed (https://publicfeed.in), summarising official documents linked in each record. Summaries are AI-generated and not legal advice; the official original is the authority.", "license": "https://publicfeed.in/terms#data-licence"}