IDBI Bank sale: What deal means for India’s larger disinvestment plans
The Centre sold a 60.72% stake in IDBI Bank to Fairfax Financial, achieving its ₹80,000 crore disinvestment target for the fiscal year. This sale marks a significant step in India's disinvestment strategy, which has historically relied more on dividends than share sales. The government aims to continue this trend as it seeks to streamline its public sector holdings.