The government has invited fresh financial bids from existing shortlisted bidders for the strategic sale of IDBI Bank Ltd., as reported by NDTV Profit. This move represents a revival of the long-delayed privatisation process, with the Centre aiming to conclude the stake sale in FY27. The fresh bidding round follows an earlier setback, where initial bids reportedly came in below the government's reserve valuation. Rather than reopening the process to new participants, the government has asked the existing shortlisted bidders to submit revised financial offers.
According to sources, the Centre is expecting to realise around ₹50,000-55,000 crore from the IDBI Bank transaction, as reported by NDTV Profit. The proposed transaction involves the sale of the government's and LIC's combined stake in IDBI Bank, along with a transfer of management control. The privatisation of IDBI Bank has been one of the government's marquee disinvestment initiatives and has faced multiple delays since the expression of interest process began.
The privatisation of IDBI Bank represents one of the government's marquee disinvestment initiatives and has faced multiple delays since the expression of interest process began, according to NDTV Profit reports. This development comes as part of the government's broader disinvestment strategy, with the fresh bidding process indicating renewed commitment to completing the transaction during the current financial year.
