Indian govt, LIC lose over Rs 1,400 crore in IDFC First Bank market crash
First Bank(US:FRBA) The Economic Times·2026-02-23 08:32Following the decline, LIC, which holds 20,23,69,591 shares in the bank, saw the value of its investment fall by about Rs 338 crore in a single session. The Government of India, which owns 66,65,70,000 shares, suffered a larger notional erosion of around Rs 1,114 crore.Together, the two public institutional shareholders lost roughly Rs 1,452 crore in market value as investors reacted to the disclosure. The broader sell-off wiped out nearly Rs 14,000 crore in market capitalisation, marking the stock’s steep ...