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The Economic Times
The Economic Times
National

Modi govt’s 13 strategic disinvestments in 10 years

Air India IDBI Bank HPCL NTPC Tata Group

The proposed sale of a majority stake in IDBI Bank to Canada's Fairfax will be the Modi government's 13th strategic disinvestment in a public sector undertaking over the past decade.

At Rs 52,878 crore, the deal will also be the government's largest strategic disinvestment so far, exceeding the Rs 36,915-crore HPCL stake sale in FY18 and the Rs 18,000-crore sale of Air India to the Tata Group in 2021.

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