IDBI disinvestment procedure to be completed by September: DIPAM Secretary
Published on 21/08/2025 03:31 PM
DIPAM Secretary Arunish Chawla said on Thursday that the process for a proposed IDBI Bank divestment is set to be completed by September.
He also said that the government has achieved divestments worth Rs 20,000 crore in the June quarter.
"Due diligence by qualified interested parties is complete... Their queries have been addressed," said the official.
Add Zee Business as a Preferred Source
He also said that the technical documents for the IDBI divestment are ready.
For the current financial year, the central government plans to execute divestments to the tune of Rs 47,000 crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.