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2Disinvestment

IDBI sale would be India’s 13th strategic disinvestment (opens the source in a new tab)

KKReckons explainer: why IDBI Bank would be India’s 13th and largest strategic sale, and why headline values flatter the cash received.
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  • The proposed ₹52,878 crore sale of a 60.72% stake in IDBI Bank to Canada’s Fairfax would be the government’s 13th strategic disinvestment in a decade, and its largest, ahead of HPCL (₹36,915 crore) and Air India.
  • Not every deal brought in cash. Some were transfers between state-owned firms, one raised no exchequer proceeds, and of Air India’s ₹18,000 crore price the Tatas paid ₹2,700 crore in cash and took over ₹15,300 crore of debt.
13th
strategic sale in a decade
₹52,878cr
IDBI Bank stake price

Why it matters Headline sale values can overstate what reaches the government, so watch the cash component and what the buyer takes on.

Watch next Whether the Fairfax deal closes and how much of the price is cash. Private owners may also run weak state firms better, which is part of the policy case.

Source:The Economic Times (free to read) ↗

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