The 2G scam that eventually saw legal acquittal for the involved, has destroyed careers and instilled a deep fear among bureaucracy that preside over privatisation efforts
PM Modi's ambitious privatisation plan was aimed at having the state exit most sectors while remaining only in sensitive ones such as telecom and banking
Officials are also expected to review key aspects of the earlier process, including how the reserve price was determined
As on Dec 31 2025, IDBI had a better ROE of 14.5% and a ROA of 1.83%
The long-pending IDBI divestment reportedly failed because the bids were below the base reserve price. Experts say higher valuation expectations, legacy risks and control concerns weigh heavy on IDBI as government mulls next steps
IDBI Bank stake sale news: The government and Life Insurance Corporation of India had launched the strategic disinvestment process in 2022 to sell about a 60.7 percent stake in the bank.
The government is likely to scrap the bids received for selling its majority stake in IDBI Bank as the offers fell short of the reserve price set for the transaction, according to reports.
The 61% stake that the government and a state-run insurer planned to sell in the private lender is worth about $6.5 billion at the current market price.
The market is expected to face a bear attack given the prevailing bearish momentum and rising US-Iran tensions. Below are some short-term trading ideas to consider.
The three bidders were allowed to move to the final stage of the process after completing due diligence and clearing the technical bid stage.
Offers submitted will be assessed as per prescribed procedure, DIPAM secretary says
The DFS Secretary also noted that the government will get financial bids for IDBI Bank this month. "The divestment of the government’s stake in the bank will likely happen this financial year," he said.
Historical banking-sector M&A trends suggest that the likely deal could be a significant value-unlocking event for shareholders
Stocks to Watch, 19 January: Stocks like Reliance Industries, HDFC Bank, ICICI Bank, Wipro, Tech Mahindra, IDBI Bank, Yes Bank, RBL Bank, UCO Bank, Indosolar, JB Chemicals and Pharmaceuticals, Bajaj Healthcare, and Bharat Coking Coal will be in focus on January 19.
Consolidation with rangebound trading may continue for a few more sessions. Below are some short-term trading ideas to consider.
IDBI Bank reported a 1.4% rise in its standalone net profit to Rs 1,935.45 crore in the October-December quarter.
One can certainly expect Nifty 50 to inch higher so long as it stays above 26,000 level, said Milan Vaishnav.
The trend may remain positive despite intermittent consolidation and minor profit booking. Below are some short-term trading ideas to consider.
Stocks to Watch, 5 January: Stocks like Corona Remedies, Equitas Small Finance Bank, Bank Of Baroda, Bandhan Bank, Bajaj Finance, Sobha, Ujjivan Small Finance Bank, IDBI Bank, Mahindra & Mahindra Financial Services, Hindustan Zinc, and Union Bank Of India will be in focus on January 5.
IDBI Bank share price: Fairfax Financial, which was founded by Indian-Canadian billionaire Prem Watsa, is considering an all-cash offer matching IDBI's current market value, the Economic Times reported.
State-owned entities such as Rail Vikas Nigam Ltd, Garden Reach Shipbuilders & Engineers Ltd, Neyveli Lignite Corporation, and Fertilisers and Chemicals Travancore Ltd remain on the watchlist for OFS — for which approvals are already in place.
The market is likely to see rangebound trading until it trades below last week's high. Below are some short-term trading ideas to consider.
Stocks to Watch, 24 November: Stocks like Tata Consultancy Services, Rail Vikas Nigam, Tata Power Company, HG Infra Engineering, Kalpataru Projects International, Natco Pharma, Lupin, Shilpa Medicare, IDBI Bank, Kotak Mahindra Bank, Tata Chemicals, Samavardhana Motherson International, and RNIT AI Solutions will be in focus on November 24.
The market may remain range-bound until it trades below the previous week's high. Below are some short-term trading ideas to consider.
Given the cautious sentiment signaled by momentum indicators, the market may continue consolidating for a few more days. Below are some short-term trading ideas to consider.