IDBI Bank Disinvestment Reaches Stage 3; Clarity Expected by FY26-End
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CNBC TV18•01-02-2026, 19:37
IDBI Bank Disinvestment Reaches Stage 3; Clarity Expected by FY26-End
- •DIPAM Secretary Arunish Chawla announced that the strategic disinvestment of IDBI Bank has progressed to stage three, with technical and financial bids now invited.
- •More details regarding the IDBI transaction are anticipated to be released before the end of the financial year 2026.
- •Chawla clarified that the government's disinvestment target is a composite figure, encompassing asset and land monetisation, along with the launch of InViTs for public sector enterprises.
- •He mentioned that the government typically manages 3-4 live transactions concurrently, with expectations of 3-4 more deals this fiscal year and potentially double that number next fiscal.
- •Regarding the potential PFC-REC merger, Chawla stated the aim is to create a central agency for financing power utilities while maintaining economies of scale.
Why It Matters: IDBI Bank's strategic sale is in advanced stages, with more details on the transaction expected by FY26-end.
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