{
  "id": 14468649,
  "title": "Centre set to cross Rs 80000 cr disinvestment target for first time since FY19 after IDBI Bank stake sale",
  "url": "https://urgent.news/2026/10/14/centre-set-to-cross-rs-80000-cr-disinvestment-target-for-first-time",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T13:54:35.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/finance/centre-set-to-cross-rs-80000-cr-disinvestment-target-for-first-time-since-fy19-after-idbi-bank-stake-sale/articleshow/134943805.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Financial Post",
        "title": "Fairfax buys IDBI for US$5.6 billion in India’s biggest bank deal",
        "url": "https://urgent.news/2026/10/14/fairfax-buys-idbi-for-us-5-6-billion-in-indias-biggest-bank-deal",
        "published": "2026-10-14T12:09:03.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "IDBI Bank strategic restructuring to attract FDI, boost banking sector, says FM Sitharaman",
        "url": "https://urgent.news/2026/10/14/idbi-bank-strategic-restructuring-to-attract-fdi-boost-banking-sector",
        "published": "2026-10-14T12:54:37.000Z"
      },
      {
        "outlet": "Insurance Journal",
        "title": "Fairfax to Buy IDBI for $5.6 Billion in Biggest India Bank Deal",
        "url": "https://urgent.news/2026/10/14/fairfax-to-buy-idbi-for-5-6-billion-in-biggest-india-bank-deal",
        "published": "2026-10-14T13:14:34.000Z"
      },
      {
        "outlet": "WSJ Markets",
        "title": "Fairfax Financial Buying Majority Stake in India’s IDBI Bank",
        "url": "https://urgent.news/2026/10/14/fairfax-financial-buying-majority-stake-in-indias-idbi-bank",
        "published": "2026-10-14T13:30:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}