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The Central Government is aiming to invite financial bids for the strategic sale of IDBI Bank by the third quarter (October–December) of the current financial year. The winning bidder is expected to be finalised by the end of FY2025-26, according to Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM).
He confirmed that the due diligence process has been completed. This includes the preparation and finalisation of data room protocols, which allow all interested and eligible parties to review relevant financial and operational documents. Formal consultations have also been conducted with these qualified bidders, signaling that the process is now moving toward the bidding phase.
Also Read: Who is Responsible for the Downfall of IDBI Bank?
The sale of IDBI Bank has faced several delays in recent years, but remains a critical part of the government’s overall disinvestment strategy. At present, the Government of India and LIC (Life Insurance Corporation of India) jointly hold around 95% of the bank. Out of this, 60.72% has been earmarked for sale under the ongoing disinvestment programme.
| Shareholder | Shareholding (% as on 31.03.25) |
|---|---|
| Government of India | 45.48 |
| LIC | 49.24 |
A key meeting of the Inter-Ministerial Group (IMG) on disinvestment was held on July 9, where the draft Share Purchase Agreement was reviewed and discussed before final approvals.
Click here to download Financial Results of IDBI Bank and Other Banks
Also Read: Who is Responsible for the Downfall of IDBI Bank?
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