The disinvestment of IDBI Bank is moving swiftly, with technical bidders having completed their due diligence—a critical step before financial bids are opened.
A source familiar with the matter told Zee Business, “The technical bidders have recently concluded the due diligence process for IDBI Bank.”
As part of this process, bidders reviewed confidential financial data, including the bank’s top borrowers, non-performing assets (NPAs), and other liabilities. This evaluation is key to determining the bank’s valuation.
With due diligence now complete, the government will soon invite financial bids.
“The entire disinvestment process is expected to be finalized within the next three to four months,” the source added.
This disinvestment, one of the largest since Air India’s privatization, is seen as a major push for the government’s broader disinvestment strategy. Market experts believe that a successful sale will further strengthen the government’s commitment to its privatization agenda.
The government and LIC are jointly offloading a 60.74% stake in IDBI Bank, along with management control.
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