Overview

• An inter-ministerial panel has cleared the share purchase agreement for divesting the government’s and LIC’s combined 60.72% stake in IDBI Bank.
• Financial bids from prospective buyers are expected to be invited by September to finalise the strategic sale.
• IDBI Bank shares climbed about 4% to Rs 105 on June 30, extending a 35% rally so far in 2025 compared with the Nifty 50’s 7% gain.
• The divestment is projected to raise between Rs 40,000 crore and Rs 50,000 crore under the Union Budget’s miscellaneous capital receipts framework.
• In Q4FY25, IDBI Bank reported a 26% year-on-year jump in net profit to Rs 2,051 crore and saw asset quality improve with gross NPAs at 2.98%.