IDBI Bank Disinvestment Deal Update | LIC Stake Sale Plans | DIPAM Secy Arunish Chawla Exclusive

In a conversation with Riddhima Bhatnagar of Business Today, Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM), highlighted how the government is focusing on maintaining growth momentum while ensuring fiscal responsibility through a balanced roadmap. Speaking on capital expenditure, Chawla pointed out that the government has set an ambitious target of ₹10.33 lakh crore for FY25, of which nearly 29 % has already been achieved by the end of July. This, he said, reflects the strong push towards infrastructure development and economic expansion. On asset monetisation, he explained that the government has already achieved ₹20,000 crore in the first quarter against the annual target of ₹47,000 crore, and several more projects are in the pipeline across different sectors. On the disinvestment front, Chawla stressed that DIPAM keeps various public sector stocks “market ready” and decisions are guided by market appetite and liquidity conditions. On LIC, he confirmed the government’s commitment to minimum public shareholding norms, with further stake sale still under consideration. For IDBI Bank, he revealed that the process has moved beyond the EOI stage, with the next phase expected within a month.