IDBI Bank stake sale to aid fiscal deficit in FY26
after close1 source ↓written by the desknot a recommendation
- plans to sell
- 30.48%
- stake
- 45.48%
- potentially raising
- ₹31,700 crore
The strategic sale of IDBI Bank is nearing completion, with expected proceeds of over ₹32,000 crore contributing to the fiscal year 2025-26 budget. The government plans to sell 30.48% of its 45.48% stake, potentially raising ₹31,700 crore. This will significantly impact the Miscellaneous Capital Receipts category of the budget.
The completion of this divestment is crucial for addressing the anticipated tax shortfall, enhancing market confidence in government fiscal management.
Not investment advice. For informational purposes only.