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Govt Eyes 60.72% IDBI Stake Sale

25 Sep

Summary

Government is evaluating revised financial bids for IDBI Bank.
Fairfax Financial and Emirates NBD submitted revised bids on July 13, 2026.
Government and LIC together hold 94.71% stake in IDBI Bank.

The strategic disinvestment of IDBI Bank is progressing steadily, with the government evaluating financial bids from interested investors. Sources indicate that revised offers were submitted on July 13, 2026, by Fairfax Financial Holdings and Dubai-based Emirates NBD. This marks the second time these entities have bid for the lender.

The government intends to sell a combined 60.72% stake, comprising its 45.48% holding and a 30.24% stake from LIC. In total, the Centre and LIC together hold 94.71% of IDBI Bank. Previously, bids submitted on February 6, 2026, fell below the reserve price, leading to a pause in the sale process.

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