BusinessPhoto: Business StandardIndia Completes 21 Strategic PSU Sales in 26 Years with IDBI Bank Deal
The Indian Cabinet approved the strategic sale of IDBI Bank to Fairfax Financial Holdings' subsidiary, marking the 21st privatisation transaction in 26 years. This deal is the largest since Air India's sale in 2022. Key past sales include Modern Food Industries (1999-2000), BALCO, VSNL, Hindustan Zinc, THDC India, and NEEPCO. The IDBI Bank sale highlights ongoing government efforts in PSU privatisation despite long delays.
Business Standard·



