India to Invite Financial Bids for IDBI Bank Stake Sale in Q3 FY26

India is set to invite financial bids for the strategic stake sale of IDBI Bank during the October–December quarter of FY26, according to DIPAM Secretary Arunish Chawla.

Key Highlights:

• Stake on offer: 60.72% jointly held by the Government of India (45.48%) and LIC (49.24%).
• Due diligence completed: All data room protocols and consultations with qualified bidders are finalized.

Expected timeline:

• Financial bids: Q3 FY26 (Oct–Dec 2025)
• Winning bidder announcement: By March 2026.
• Potential buyers: Include Fairfax India Holdings, Emirates NBD, and Kotak Mahindra Bank.
• Estimated proceeds: Around ₹50,000 crore for the government and LIC.

This sale marks a major step in India’s broader privatization agenda, especially for public sector banks.