Govt to divest IDBI Bank stake to add ₹45,000 cr for FY26

The Union government is eyeing receipts of more than ₹45,000 crore from divestment in the financial year 2025-26, with the bulk of it expected from the strategic sale of IDBI Bank Ltd, said two people aware of the matter.

- Rhik Kundu

The stake sale in IDBI Bank is likely to fetch ₹30,000-35,000 crore, while ₹10,000-15,000 crore could come from the offer for sale (OFS) of equity in other listed public sector undertakings (PSUs), the people mentioned above told Mint on the condition of anonymity.

"The long-pending IDBI Bank stake sale is expected to conclude this fiscal. It's the biggest-ticket item in this year's divestment plan," said the first person cited above. "The rest is likely to come from minority stake sales in listed PSUs."

The Union government and Life Insurance Corp (LIC) together own 95% of IDBI Bank and plan to divest 60.72% of the combined shareholding.