Secretary, DIPAM

Secretary, Department of Investment and Public Asset Management, @FinMinIndia

[Nirmala Sitharaman @nsitharaman]

Propelled by Hon’ble Prime Minister Shri @narendramodi’s visionary leadership, India’s reform trajectory reaches another milestone today with the CCEA’s approval of IDBI Bank’s strategic restructuring.

Having supported the bank’s recovery, we are now enabling its next phase of growth through the infusion of Foreign Direct Investment while retaining a minority stake. This will not only strengthen the banking ecosystem but also help banking services surpass global benchmarks. It reinforces that India’s growth story is strong, its economy is resilient, and the government’s commitment to reform is unwavering.

With an unshakable resolve toward economic transformation, we are shaping a future-ready financial sector dedicated to empowering customers, backing entrepreneurs, and fuelling the vision of a Viksit Bharat.

[Secretary, DIPAM @SecyDIPAM]

DIPAM has engaged @MSTCLimited for scientific collection, segregation & disposal of e-waste under #SpecialCampaign6, in line with E-Waste (Management) Rules, 2022.
Committed to cleaner workplaces & sustainable governance.
#SpecialCampaign6 #EWasteManagement #DARPG

[Secretary, DIPAM @SecyDIPAM]

Under Special Campaign 5.0, DIPAM cleared grounded vehicles through e-auction.
✅ Parking space freed
✅ Safety enhanced
✅ Resources optimally utilised
Every inch of government space matters.
#SpecialCampaign6 #Swachhata #DIPAM

[Secretary, DIPAM @SecyDIPAM]

The Offer for Sale (OFS) for Hindustan Copper Ltd closed successfully with an enthusiastic response from retail investors. The issue was oversubscribed on both days, and the Government decided to exercise its entire greenshoe option. We thank all investors for their participation and reposing their faith in us.

[Secretary, DIPAM @SecyDIPAM]

Hindustan Copper Ltd. Offer for Sale (OFS) received an enthusiastic response from the institutional investors and was oversubscribed 3.41 times on Day One. The Government has decided to exercise the entire green shoe option. Retail investors and employees get to bid on Wednesday, August 26, 2026. Good luck!

[Secretary, DIPAM @SecyDIPAM]

Government of India offers to divest 3% equity in Hindustan Copper Limited (HCL) through an Offer for Sale (OFS), with an option to divest an additional 3% (green shoe) in case of oversubscription. The OFS will open at a floor price of ₹514 per share. 10 percent of the offer is reserved for retail investors, with an additional 25,000 shares reserved for eligible employees.

[Secretary, DIPAM @SecyDIPAM]

DIPAM organised an awareness session on Cyber Security and Cyber Hygiene in today’s World under Vigilance Awareness Campaign on 18th August, 2026 to promote safe, responsible and secure digital practices among its officers and staff. The session highlighted the importance of staying alert, protecting sensitive information and adopting good cyber hygiene practices in our day-to-day work.

[Secretary, DIPAM @SecyDIPAM]

Offer for Sale in the Life Insurance Corporation of India (LIC) closed with an overwhelming response from both retail and institutional investors. The issue was over-subscribed on both days and the Government exercised its entire green shoe option. With this the public ownership of LIC has increased to 10% and it has achieved this critical milestone ahead of schedule. A total of 82,23,33,558 shares have been allocated for an amount of Rs. 31,552 crores, making it India's largest public offering ever. We thank all the investors for their enthusiastic participation and reposing their faith in us.

[Secretary, DIPAM @SecyDIPAM]

Offer for Sale in the Life Insurance Corporation of India (LIC) received an overwhelming response from the institutional investors and was over-subscribed 3.32 times of its base size. This enthusiastic participation reflects robust investor confidence and the depth of India's capital markets. In view of the exceptional demand, the Government has decided to exercise the green shoe option. Retail investors get to bid tomorrow. Make the most of this opportunity!

[Secretary, DIPAM @SecyDIPAM]

Offer for Sale in LIC opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government offers to disinvest 2.5% equity with an additional 4% as a green shoe option. Floor price has been fixed as Rs 382 per share. This will help achieve MPS milestones ahead of schedule.

[Secretary, DIPAM @SecyDIPAM]

Offer for Sale in Cochin Shipyard Ltd received an overwhelming response from the investors and was oversubscribed 3.52 times on day one. Government has decided to exercise the entire green shoe option. Retail investors and employees get to bid tomorrow on 8th July 2026.

[Secretary, DIPAM @SecyDIPAM]

Government announces Offer for Sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52% of its paid-up equity and an additional 2.52% as the green-shoe option in case of over subscription. Floor price has been fixed at Rs. 1400 per share. OFS opens for non-retail investors on 7th July 2026. Retail investors get to bid on 8th July 2026.

[Secretary, DIPAM @SecyDIPAM]

The OFS for Indian Railways Finance Corporation (IRFC) closed with an enthusiastic response from the retail investors. Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crores. We thank all investors for their participation and for reposing their faith in us.

[Secretary, DIPAM @SecyDIPAM]

Offer for Sale in Indian Railways Finance Corporation (IRFC) received an enthusiastic response from the investors and was oversubscribed 1.86 times on the first day. Government has decided to exercise the green shoe option. Retail investors and employees get to bid on Thursday 25th June 2026.

[Secretary, DIPAM @SecyDIPAM]

Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non Retail investors. Retail investors can bid on Thursday. Government offers to disinvest 1% equity in the IRFC along with additional 1% as green shoe option.

[Secretary, DIPAM @SecyDIPAM]

Offer for Sale (OFS) in GIC Re closed with enthusiastic response from the investors. Government of India has divested 5.0% per cent of its stake in GIC Re with full subscription of base and green-shoe offer. We thank all the investors for their participation.

[Secretary, DIPAM @SecyDIPAM]

Offer for Sale in General Insurance Corporation of India received an enthusiastic response from the investors on day one and was oversubscribed 3.72 times. Government has decided to exercise the entire green shoe option. Retail investors and employees get to bid on Wednesday 17th June 2026.

[Secretary, DIPAM @SecyDIPAM]

Offer for Sale of equity in General Insurance Corporation of India (GIC) opens tomorrow for non-retail investors. Retail investors can bid on 17.06.2026. Government offers to disinvest 2.0% equity in the GIC with an additional 3.0% as green-shoe option.