The strategic disinvestment of IDBI Financial institution has moved nearer to completion, with due diligence and formal consultations with all certified events now finalised. Arunish Chawla, Secretary of the Division of Funding and Public Asset Administration (DIPAM), confirmed on Friday that information room entry protocols have additionally been accomplished. “Hope to ask monetary bids in Q3 of this yr (FY26),” Chawla acknowledged.
The long-awaited stake sale, delayed a number of occasions over the previous three years, is a essential a part of the Centre’s evolving divestment technique. In contrast to earlier years the place disinvestment targets have been mounted, the federal government is now specializing in flexibility and strategic outcomes.
At present, the Authorities of India and LIC collectively maintain a 95% stake in IDBI Financial institution. As a part of the sale, 60.72% of the financial institution’s fairness is on supply, together with 30.48% from the Centre and 30.24% from LIC, together with the switch of administration management.
DIPAM acquired a number of expressions of curiosity (EOIs) for the stake again in January 2023. The deal, as soon as accomplished, is predicted to considerably contribute to the Centre’s non-debt capital receipts, with a disinvestment and asset monetisation goal of ₹47,000 crore for FY26.
Shares of IDBI Financial institution closed at Rs 90.17 on Friday, down 2.68%.
