IDBI Bank says its strategic disinvestment is being run by the government through competitive bidding, with no role for the bank
- Exchange query
- Banks
IDBI Bank Limited has replied to a request from NSE, dated 14 Oct 2026, to clarify a news item that appeared on NDTV Profit on that day. In its reply, dated 15 Oct 2026, the bank says the strategic disinvestment of the bank is being undertaken through a competitive bidding process in line with the disinvestment guidelines of the Government of India, issued by the Department of Investment and Public Asset Management (DIPAM).
The bank says it has no role in the strategic disinvestment. It adds that on 14 Oct 2026 it disclosed to the exchanges the press release and the FAQs published by the Ministry of Finance on the Press Information Bureau website.
The bank confirms that it has promptly informed the exchanges of all events and information that bear on its operations and performance, including price-sensitive information. The filing does not describe the content of the news item.
Inference
The reply says the sale of the government's stake is a process run by the government, not by the bank, so the bank itself has no information to add beyond what the Ministry of Finance has published. The terms, bidders and timing of the process are therefore not in this filing.
For shareholders, the official source for developments in the disinvestment is the Ministry of Finance and DIPAM, and the bank will pass on what it is required to disclose. Investors may want to follow the ministry's announcements and the bank's filings for the stages of the process.
Reference: Original filing (PDF)
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