IDBI Bank financial bids September.

The government and LIC (together holding ~95% of the bank) have cleared the Share Purchase Agreement (SPA) through the Inter‑Ministerial Group. Next up, it moves to the Core Group of Secretaries on Disinvestment for final approval .

Once approved, the formal bidding process will begin. Financial bids are expected to be invited in the first week of September 2025 .

Meanwhile, shortlisted investors—including Fairfax, Emirates NBD, and Oaktree—are already deep into due diligence, working through data room access and asset valuation phases .

Government officials and DFS Secretary M. Nagaraju have confirmed that the full transaction—including awarding the share sale—should be wrapped up by the end of calendar 2025.

sources