India's privatisation drive derails because of weak investor interest
Airfind news item
By Sarita Singh
Published on March 18, 2026.
India is considering shelving three planned privatisation sales due to low investor interest, according to two government sources. This has already led to the failure of India's attempt to sell a stake in IDBI Bank and a setback to the government's flagship divestment programme. Initial delays to the plan were due to bureaucratic red tape and political pushback after Prime Minister Narendra Modi failed to secure a full majority in the 2024 elections. The failure of the IDBI bank sale will likely impact India's financial year, with a significant portion of the 800 billion rupees ($8.66 billion) in asset monetisation and divestments.
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