# Fairfax India Posts $0.28 GAAP Earnings Per Share for Third Quarter By John Kim Canonical URL: https://www.tokenpost.com/news/business/48360 Published: 2026-11-04T08:45:04.000Z Updated: 2026-11-04T08:45:04.000Z Section: Business > India previously approved a Fairfax subsidiary as strategic buyer for a proposed 60.72% stake in IDBI Bank. Fairfax India Holdings Corporation posted GAAP earnings of $0.28 per share for the third quarter of 2026, giving investors a new quarterly earnings figure for the company. Separately, India [approved Fairfax subsidiary 10955230 Canada Inc. as strategic buyer for a proposed 60.72% stake in IDBI Bank](). The proposed sale is valued at about $5.6 billion. The Government of India is selling a 30.48% stake, and Life Insurance Corporation of India is selling 30.24%. The approval concerned a proposed purchase. At the time of the earlier coverage, no binding definitive agreements had been signed for the stake purchase or proposed contributions of Fairfax interests in Digit and IIFL Capital. ## Links in this article - [approved Fairfax subsidiary 10955230 Canada Inc. as strategic buyer for a proposed 60.72% stake in IDBI Bank](https://www.tokenpost.com/news/business/32091)