IDBI Bank shares rose nearly 20% as the government considers reviving its privatization. Options under review include reassessing previous bids from Fairfax Financial and Emirates NBD, which were rejected for not meeting the reserve price. A decision is expected soon to bolster non-tax revenue.
2 min read02:06 PM ISTThe floor price for the offer for sale (OFS), where existing shareholders or promoters divest stakes without issuing new shares, has been set at ₹412 per share.
3 min read26 May 2026The cancellation of the stake sale comes as a dampener to the government’s disinvestment efforts, although it may reinitiate the process at a more realistic valuation.
1 min read23 Mar 2026The government’s decision to mark time on IDBI Bank’s privatization is puzzling. Its rationale is clear and the stage for its sell-off was set years ago. Low bids should not get in the way of the process as revenue maximization was never the idea.
2 min read19 Mar 2026Finance Minister Nirmala Sitharaman said that the gold price volatility in the commodity market exists due to the looming global uncertainty, where investors do not have confidence anymore. Here's what Sitharaman said after Budget day.
2 min read2 Feb 2026The Economic Survey 2025-26 suggests a radical shift in how state-run companies are defined and divested.
2 min read29 Jan 2026India's government anticipates surpassing its target for miscellaneous capital receipts in FY26, driven by strategic asset sales and IPOs, including a major stake sale in IDBI Bank. This is crucial for balancing fiscal needs.
3 min read23 Oct 2025The IDBI Bank sale is being jointly executed by the central government and LIC, which together own more than 94% of the bank. The proposed transaction involves offloading a 60.72% stake in total. The IDBI Bank stake sale is expected to fetch about ₹50,000 crore for the government and LIC.
2 min read1 Aug 2025The IDBI transaction is expected to fetch around ₹50,000 crore for the Centre and Life Insurance Corp., which together hold over 94% in the bank. Other disinvestment plans will be lined up for Q4, depending on the market appetite.
3 min read23 Jul 2025Systematic Transfer Plans (STPs) enable investors to manage funds efficiently, minimising market volatility. This structured approach supports financial goals and capital preservation, making STPs a valuable tool for both new and seasoned investors.
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