IDBI Bank Share Price Jumps
The government is set to invite financial bids for the strategic disinvestment of IDBI Bank in the third quarter of the current financial year, with the final bidder likely to be selected by the end of 2025-26. Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM), confirmed the development on Friday. “Due diligence has been completed and data room protocols are completed for all the interested parties,” Chawla stated. He also added, “We hope to receive financial bids by December.” With formal consultations concluded, the process now enters its most decisive stage. Chawla said that all qualified bidders have received access to IDBI’s operational and financial data, along with sufficient opportunity to raise queries. This marks a major milestone in India’s high-stakes banking sector reforms, which aim to bring private capital and improved governance to one of the country’s legacy banking institutions.
The IDBI Bank disinvestment has completed all preliminary stages. Chawla stated that interested bidders have finished due diligence and accessed the data room, signaling complete transparency in the bidding process. “Formal consultations with all qualified parties have also been concluded,” he added. The government plans to invite financial bids by December 2025 and expects to complete the privatisation by the end of the fiscal year 2025-26. In May 2021, the Cabinet Committee on Economic Affairs approved the strategic sale of IDBI Bank, including transfer of management control. The move could improve the bank’s operational efficiency under private ownership.
The strategic disinvestment will shift IDBI Bank’s management from government control to a private player. As of now, the Government of India and LIC jointly hold over 94% stake—government owns 45.48%, LIC holds 49.24%. Officials expect the new strategic owner to bring in fresh capital, advanced technology, and modern banking practices. This will help IDBI grow without relying on government or LIC support. Chawla emphasized that the government is maintaining a disciplined timeline. With bids due in Q3 and finalisation likely by end-FY26, IDBI’s privatisation is set to reshape the public banking landscape in India.
(From ANI)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
ABC has canceled The Bachelorette Season 22 after graphic footage of Taylor Frankie Paul assaulting…
A three-alarm fire ravaged a Midwood commercial building on Avenue H, spreading through six connected…
Israeli PM Benjamin Netanyahu announced that recent joint Israel-U.S. strikes destroyed Iran’s nuclear and missile…
