Archive · 21 Aug 2025
IDBI Divestment Set for Year-End Completion, Says DIPAM Secretary
Imagine the government is selling part of IDBI Bank to someone else.
They hope to finish this sale by the end of the year.
The people who want to buy the bank have almost finished checking everything.
The government also wants to sell other things to make money, aiming for a big amount this year.
They're also looking at which government-owned companies could be removed from the stock market.
The government wants companies to pay good dividends so regular people can share in the profits.
IDBI Bank's divestment is slated for completion by the end of the year, according to DIPAM Secretary Arunish Chawla.
Qualified interested parties have nearly finished their due diligence process.
The Department of Investment and Public Asset Management aims to achieve approximately Rs 47,000 crore for asset monetization.
The department is reviewing public sector companies for voluntary delisting under SEBI's framework.
Public enterprises should be role models in dividend policy.
- Who
- Arunish Chawla, DIPAM Secretary.
- What
- Divestment of IDBI Bank and other asset monetization efforts.
- When
- Divestment of IDBI Bank expected to be completed by the end of the year.
- Where
- Not explicitly mentioned in the article.
- Why
- To raise funds and improve market float.
Government's Perspective
Not Applicable
Divestment Strategy
Government's Perspective
Government aims for successful divestment and improved market float.
Not Applicable
Not applicable.
- IDBI Divestment Target
- End of the year
- Asset Monetization Target
- Rs 47,000 crore
- First Quarter Asset Monetization
- Rs 22,000 crore
- LIC Market Value
- Around 6 lakh crore
- Dividend Policy
- 30% of PAT or 4% of net worth, whichever is higher