Home / Business and Economy / IDBI Stake Sale Nears End: DIPAM Confirms Final Stage
IDBI Stake Sale Nears End: DIPAM Confirms Final Stage
7 Feb
Summary
- IDBI stake sale is in its final stage, with valuation and approvals underway.
- DIPAM prioritizes strategic investor privacy, withholding bidder identities.
- CPSEs achieved record profits of 3 lakh crores and distributed 4 lakh crores in dividends.
The sale of IDBI's stake is currently in its final phase, with the Department of Investment and Public Asset Management (DIPAM) confirming that valuation and necessary approvals are being undertaken. Secretary Arunish Chawla stated that DIPAM is committed to protecting the privacy of strategic investors and the integrity of the transaction, declining to reveal bidder details.
Chawla also highlighted the robust performance of Central Public Sector Enterprises (CPSEs), particularly those in strategic sectors. He noted that their market capitalization has quintupled in the last 12 years, while dividends paid to shareholders have increased significantly. In the fiscal year ending 2025-26, CPSEs reported record profits of 3 lakh crores and distributed a record 4 lakh crores in dividends.
