During an interview with ET Now Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM) shared the update about IDBI disinvestment. He said that the process of selling stake is underway and will be completed in the current financial year (FY 2026).
However no fixed timeline has announced yet but the disinvestment process is moving forward without any issues or delay. Government has appointed Asset valuers and transaction advisors to support and guide the disinvestment process. A virtual data has been set up, and all queries has been resolved and shareholder’s are already formal legal documents. DIPAM secretary hinted that good news will soon.
IDBI Bank Shareholding Pattern
– The government and LIC together have 95% of stake in IDBI.
– The government stake in IDBI is 45.48% stake in which government plans to sell 30.48% of its stake.
– LIC stake in IDBI is 49.24% stake in which government plans to sell 30.24% of its stake.
Since post election budget of June 2024, government has stopped setting disinvestment target and has started focusing on generating revenue from different sources. In this revenue tax is not included.
In the financial year 2024- 2025, Department of Investment and Public Asset Management (DIPAM) collected Rs 68,263 crore. RS 8625 Crore was generated by selling government assets.
Government is also in process of selling stakes in several state owned companies like NMDC Steel and Shipping Corporation of India (SCI) and four other companies.
Government also aims to raise RS 47000 Crore by disinvestment and asset monetisation. This step is also a part to reduce government ownership in public sector undertakings (PSUs) and raise funds.
