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India plans an offer-for-sale to increase public ownership in IDBI Bank after a prior disinvestment failed.
India may use an Offer-for-Sale to boost public ownership in IDBI Bank after a major disinvestment attempt failed.
The bank’s public float remains low at 5.29%, with the government and LIC holding 45.48% and 49.24% respectively.
A planned sale of 60.72% failed in February 2026 as bids from Emirates NBD and Fairfax India fell short of the reserve price.
The government now considers OFS to raise public holding by 10% to 15%, improving market transparency and valuation.
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India planea una oferta de venta para aumentar la propiedad pública en IDBI Bank después de que fracasara una desinversión anterior.