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Business·29/04/2026Résumé IA
Centre Revives IDBI Bank Stake Sale After Rejected Bids
The Indian government is reviving the strategic sale of its 45.5% stake in IDBI Bank along with LIC's 49.2% holding, a month after two bids were rejected for being below reserve price. A fresh valuation exercise is underway given the bank's small free float making price discovery difficult. The Centre aims to expedite the process to maintain global investor trust and meet its Rs 80,000 crore disinvestment target, while addressing bidder concerns about pension burden and continued government stake.
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Times of India1 min de lecture
