BusinessPhoto: News18 BusinessCentre to Exceed FY27 Disinvestment Target After IDBI Stake Sale
The Centre is set to raise about Rs 88,000 crore through disinvestment and asset monetisation in FY27, surpassing its Rs 80,000 crore Budget target for the first time since FY19. This follows the approved strategic sale of a combined 60.72% stake in IDBI Bank by the government and LIC to Fairfax Financial Holdings. The government expects Rs 26,000 crore from its 30.48% stake sale in IDBI Bank.
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