IDBI Bank Share Price Gains Over 3% as Finance Minister Confirms Continuation of Stake Sale Process

As per news reports, the Indian government remains committed to the privatisation of IDBI Bank, as confirmed by Finance Minister Nirmala Sitharaman. This comes amidst ongoing discussions about valuation and potential alternatives for the stake sale. 

Government's Commitment to IDBI Bank Stake Sale 

Finance Minister Nirmala Sitharaman has reiterated the government's intention to proceed with the disinvestment of IDBI Bank.  

The process, which began on January 7, 2023, has seen the Department of Investment and Public Asset Management (DIPAM) receive multiple expressions of interest from potential bidders. 

Despite reports of valuation gaps, the government is exploring ways to move forward. Offers received were reportedly in the range of ₹40,000 crore to ₹45,000 crore, below the government's reserve price.  

However, the government is not inclined to scrap the existing bids and is considering alternative valuation metrics. 

Valuation and Potential Alternatives 

One option under discussion is a possible purchase by Life Insurance Corporation of India (LIC) of the government's proposed 30.48% stake in IDBI Bank.  

LIC already holds 49.24% of the bank, while the government owns 45.48%. The original plan involved the government selling a 30.48% stake and LIC divesting 30.24%, totalling 60.72% on offer. 

Read More: RBI Sanctions Amalgamation of Mekhar Urban Co‑op Bank with Nagpur Nagarik Sahakari Bank! 

Challenges in the Stake Sale Process 

The privatisation process has faced challenges, including valuation discrepancies and internal discussions on alternatives.  

The proposed transaction, which was temporarily halted, could become one of the largest banking sector stake sales planned by the government. 

IDBI Bank Share Price Performance  

As of April 24, 2026, at 12:47 PM, IDBI Bank share price on NSE was trading at ₹75.92 up by 2.97% from the previous closing price. 

Conclusion 

The government's commitment to the IDBI Bank stake sale remains firm, with Finance Minister Nirmala Sitharaman confirming the continuation of the process. While valuation challenges persist, discussions on potential alternatives are ongoing, indicating the government's resolve to complete the transaction. 

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