22 Mar 2026 | 5 Mins Read
Government considers OFS for IDBI Bank stake sale
Flipitmoney
The government may consider selling a stake in IDBI Bank through the Offer-for-Sale (OFS) route after the failed 60.72% stake sale. IDBI Bank's public float is 5.29%, limiting fair valuation. The government and LIC hold 45.48% and 49.24% stakes respectively. The government plans to increase public float to 10-15% through OFS to ensure reliable price discovery.