IDBI Bank’s sales will contribute to the Centre’s disinvestment target of Rs 65,000 crore in FY13. It has already raised Rs 24,544 crore, most of which is listing the country’s largest insurance company LIC in May.
The central government is targeting to sell several companies like BEML, Shipping Corp, Concor, Vizag Steel, IDBI Bank, NMDC’s Nagarnar Steel Plant, and HLL Lifecare.