Centre to raise Rs 88,000 crore from disinvestment, asset monetisation in FY27 after IDBI Bank stake sale

IDBI Bank stake sale to push MCR receipts beyond ₹90,000 crore, providing fiscal relief

This mop up will provide relief to government finances at a time when collections from excise are set to be down while expenditure on subsidy and on other welfare scheme is set to go up

Centre set to cross Rs 80000 cr disinvestment target for first time since FY19 after IDBI Bank stake sale

The Indian government is expected to surpass its budgeted disinvestment target of Rs 80,000 crore for FY27. A significant contributor will be the strategic sale of IDBI Bank, which is valued at over Rs 52,878 crore. This sale includes the government's 30.48% stake alongside LIC's 30.24% stake in the bank. The total proceeds from various minority stake sales have already reached Rs 55,757 crore.

Centre to raise Rs 88,000 crore from disinvestment, asset monetisation in FY27 after IDBI Bank stake sale

If receipts cross the Budget estimate this year, it would mark the first time since 2018-19 that the Centre has exceeded its original target. The Budget target for divestment and asset monetization receipts this fiscal year is Rs 80,000 crore.