Dipam

The approval of the SPA and the subsequent invitation of financial bids will mark the final phase of the long-awaited IDBI Bank privatisation process that has been underway since 2021.

Govt to exceed Rs 47,000 crore disinvestment target this year, says DIPAM Secretary Arunish Chawla

Speaking at Network18 Reforms Reloaded in New Delhi, he noted that a third of the annual public investment target had already been met by July thanks to frontloaded reforms.

PSUs To exceed Rs 1.2 lakh cr total dividend payout to investors in FY26: DIPAM Secretary

'The dividend payout by the public sector enterprises has doubled. And even though they have occupied only 14% of the market cap in our capital markets, they paid 25% of dividends to the small investors,' says Arunish Chawla

Emirates NBD, Fairfax, Kotak Bank, Oaktree likely to bid for IDBI Bank

According to sources, financial bids for IDBI Bank is likely to be sought in October. Kotak Mahindra Bank said to have renewed its interest in the bidding process, extensive diligence underway.

Govt plans to offload around 4% stake in NLC India via OFS this fiscal

After successful OFS in March 2024, DIPAM eyeing a second tranche, depending on market conditions

IDBI Bank strategic sale likely to conclude by October: Govt sources

The assurance comes as the Inter-Ministerial Group (IMG) on disinvestment met on July 9 to discuss the draft Share Purchase Agreement, a crucial milestone before final approvals are sought from higher authorities.

Govt invites new merchant bankers, transaction advisors for RCF, NFL OFS

Move marks revival of eight-year-pending stake sale in fertiliser PSUs; OFS could follow within a month of appointments if market conditions permit

LIC, IDBI stake sales expected to help Centre surpass FY26 disinvestment target

Government expects up to Rs 80,000 crore from disinvestment in LIC and IDBI, the two key transactions, against the Rs 47,000 crore Budget target for capital receipts

Government may delay HZL stake sale amid strong dividend inflows

Buoyed by robust payouts, the Centre is re-evaluating its strategy to monetise the remaining 27.94% stake in Hindustan Zinc. The Centre may explore a QIP or other routes to offload stake in tranches

Emirates NBD likely top contender for IDBI Bank stake, DIPAM said to have explored valuations with potential bidders

Dubai-headquartered bank Emirates NBD is willing to shell out $6-7 billion in an all-cash deal for a 61 percent stake in IDBI Bank, Moneycontrol has learnt. This emerged after an informal conversation between DIPAM and potential bidders over valuation for IDBI Bank’s divestment.

Govt may begin offloading minor stakes in five PSU banks via OFS in FY27; strategic sale deferred for now

The Centre may go for the Offer for Sale route to sell stakes in Bank of Maharashtra, IOB, UCO Bank, Central Bank of India, and Punjab and Sind Bank next fiscal.

Govt 's FY26 disinvestment push likely to feature OFS in Coal India, LIC, RVNL, GRSE

After a successful Rs 5,000-crore OFS in Mazagon Dock Shipbuilders at the start of FY26, Centre lines up stake sale in more PSUs to drive non-tax revenues

Why govt wants mutual fund managers to recommend PSU stocks as DIPAM pitches a PSU makeover

Corporate governance reforms, improved risk appetite and dividend strength form the Centre’s pitch. Mutual fund managers remain cautious on valuation gaps and growth concerns.

DIPAM to fast track sale of 2 Air India subsidiaries, may invite EOIs this month

Strategic disinvestment of AIESL, AIASL, and Alliance Air gathers pace as the Centre looks to revive stalled asset sale process and meet FY26 receipts target

DIPAM builds in-house policy model to guide FY26 disinvestment push

The new framework ties dividend policy, market trends and asset valuation to optimise stake sale decisions in CPSEs

IDBI Bank sale: Data room access and valuation exercise underway, says DIPAM secretary

The development marks a significant step in the government’s efforts to privatise the lender and achieve its broader disinvestment goals in the current financial year

Will suggest mutual fund managers to include PSU stocks in their portfolios: DIPAM

DIPAM Secretary also said the government will nudge private firms to ensure fairer dividends

Government to redevelop over 55 acres of land from defunct pharma PSUs like IDPL in and Bengal Immunity

The government aims to utilise land from closed pharma units for healthcare and education infrastructure in Telangana, West Bengal and Uttarakhand. It has roped in NIPER, a government-owned pharmaceutical research body, to redevelop the land in Hyderabad.

No decision on NMDC, KIOCL merger, says government

The Ministry of Steel had proposed merging NMDC with KIOCL, and the proposal was submitted to the Ministry of Finance around December 2024.

Govt moves Calcutta HC to revive Bengal Chemicals' strategic sale

In the past, court rulings have stalled privatisation efforts despite the PSU’s return to profitability.

Govt seeks merchant bankers for selling equity in public sector banks, financial institutions

As per the RFP (request for proposal) floated by DIPAM, the merchant bankers would be empanelled for a period of three years (further extendable by 1 year) and they would advise the government on the timing and the modalities of the transaction for dilution of equity

Budget 2025: Centre sets Rs 47,000 crore disinvestment target for FY26

In FY25, the government moved away from setting separate yearly disinvestment targets and bundled receipts from divestment and asset monetisation under a broader target for miscellaneous capital receipts.

Closing due diligence underway at IDBI Bank

Financial bids will be called once the diligence report is finalised, which according to sources may happen by the end of March

SCI strategic sale likely to be delayed until FY26 on lease transfer issues

The primary issue stalling the process is the transfer of lease of non-core assets from the SCI to Shipping Corporation of India Land and Assets Limited. The Mumbai collector has submitted the proposal to the state's revenue department, but the process got bogged down on extensive bureaucratic consultations, sources tell Moneycontrol.

IDBI Bank strategic sale to proceed without delays with RBI’s advance nod; due diligence in Nov

The IDBI Bank strategic sale criteria was prepared in consultation with the RBI. The RBI has done due diligence of all bidders. A priori approval was sought to avoid complications later on as a double check.