IDBI Bank Disinvestment Reaches Stage 3; Clarity Expected by FY26-End

• DIPAM Secretary Arunish Chawla announced that the strategic disinvestment of IDBI Bank has progressed to stage three, with technical and financial bids now invited.
• More details regarding the IDBI transaction are anticipated to be released before the end of the financial year 2026.
• Chawla clarified that the government's disinvestment target is a composite figure, encompassing asset and land monetisation, along with the launch of InViTs for public sector enterprises.
• He mentioned that the government typically manages 3-4 live transactions concurrently, with expectations of 3-4 more deals this fiscal year and potentially double that number next fiscal.
• Regarding the potential PFC-REC merger, Chawla stated the aim is to create a central agency for financing power utilities while maintaining economies of scale.

Why It Matters: IDBI Bank's strategic sale is in advanced stages, with more details on the transaction expected by FY26-end.