Central government is selling 60% of this bank, the deadline has been fixed.

The government is selling its stake in IDBI Bank Limited. The central government has set the first week of February as the deadline for bidding.

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The government is selling its stake in IDBI Bank Limited. The central government has set the first week of February as the deadline for bidding, according to a CNBC TV18 report. Previously, the deadline for bidding was December 2025, which was later extended.

According to reports, the Department of Investment and Public Asset Management (DIPAM) has informed all potential bidders, including Kotak Mahindra Bank, Emirates NBD and Fairfax India Holdings, about the deadline.

The Central Government is seeking an unconditional offer.

The Central Government, in consultation with the Reserve Bank of India, reserves the right to reject any bid. The Central Government is seeking an unconditional offer for IDBI Bank. The government states that any conditions will render the offer invalid.

Bidding entities may not have the right to make any changes to the share purchase agreement after submitting their proposal to DIPAM. According to the report, bids may be submitted by Fairfax Financial Holdings, Emirates NBD, Kotak Mahindra Bank, and Oaktree.

Who owns how much stake in IDBI Bank?

The Central Government held a 45.48 percent stake in IDBI Bank. LIC currently holds 49.24 percent. The Central Government can sell up to 60.70 percent. In this sale, the Central Government can sell 30.48 percent, and LIC can sell 30.24 percent. After the disinvestment, the Central Government will hold 15 percent and LIC will hold 19 percent.

On Friday, IDBI Bank Limited shares closed at ₹99.55, up 1.74 percent.

(This is not investment advice. The stock market is subject to risks. Consult experts before making any investment.)

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