{"data": {"schema": "publicfeed.update.v1", "id": "PIB-2323320", "url": "https://publicfeed.in/orders/PIB-2323320", "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 M/s 10955230 Canada Inc. has been approved as the strategic buyer for IDBI Bank Ltd. The transaction involves the sale of a 60.72% stake, consisting of 30.48% from the Government of India and 30.24% from the Life Insurance Corporation of India (LIC), for Rs 52,878.0806181 crore. The Government and LIC will retain residual stakes of 15% and 19% respectively and will become public shareholders. The release does not say when the transaction takes effect.", "key_points": ["Total transaction value: Rs 52,878.0806181 crore", "Stake sold: 60.72% (30.48% by GoI and 30.24% by LIC)", "Residual stakes: GoI will retain 15% and LIC will retain 19%", "Strategic Buyer: M/s 10955230 Canada Inc. (parent: M/s Fairfax Financial Holdings Ltd.)", "Benchmark price for bids: Rs 75.99 per share"], "issued_date": "2026-10-14", "listing_date": "2026-10-14", "document": {"form": "Press release", "number": "2323320", "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=2323320"}, "topics": ["privatization", "banking", "fdi"], "reader_topics": ["Government services"], "intent": "updates", "states": [], "national": true, "places": [], "applies_to": ["IDBI Bank Ltd"], "dates": [], "revision": "1f191e89f45c7190", "recorded_at": "2026-10-14T12:41:36.200518+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": "2026-10-23T20:38:09.107225+00:00", "generated_at": "2026-10-23T21:13:01+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"}