New Delhi: The sale of a majority stake in IDBI Bank to Canada's Fairfax will be the 13th strategic disinvestment that the Modi government has done in a public sector undertaking in the last 10 years.

Fairfax will be the biggest strategic stake sale ever by the government, overshadowing the Rs 18,000-crore stake sale in Air India to the Tata Group in 2021.

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Here is the timeline of strategic disinvestments in last 10 years:

1. FY27 - Sale of 60.72 percent in IDBI Bank for Rs 52,878 crore

2. FY27 - Indian Medicines Pharmaceuticals Corp sold for Rs 119 crore

3. FY24 - Ferro Scrap Nigam Ltd, a 100 percent subsidiary of MSTC Ltd, sold to Japan's Konoike Transport Co Ltd for Rs 320 crore. Proceeds did not accrue to exchequer.

4. FY23 - Neelachal Ispat Nigam Limited (NINL) sold to Tata Steel Long Products Ltd for Rs 12,100 crore. NINL was a joint venture of Centre and state PSUs, and the proceeds did not come to exchequer.

5. FY22 - Air India and its subsidiary AIXL and AISATS were sold to Talace Pvt Ltd for Rs 18,000 crore. Tata Group company paid Rs 2,700 crore in cash and took over Rs 15,300 crore of the airline's debt.

6. FY20 - Teri Hydro Development Corporation Ltd. (THDC) sold to NTPC for Rs 7,500 cr

7. FY20 - North Eastern Electric Power Corporation Ltd (NEEPCO) sold to NTpercent for Rs 4,000 crore.

8. FY20 - Kamarajar Port Ltd sold to Chennai Port Trust for Rs 2,383 crore

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9. FY19 - Power Finance Corp (PFC) acquired 52.63 percent in Rural Electrification Corp (REC) for Rs 14,500 cr

10. FY19 - HSCC (India) Ltd sold to NBCC for Rs 285 crore

11. FY19 - National Projects Construction Corporation Ltd. (NpercentC) sold to WApercentOS for Rs 80 cr

12. FY19 - Dredging Corp of India Ltd (DCIL) sold to a consortium of ports for Rs 1,049 cr

13. FY18 - Oil and Natural Gas Corporation (ONGC) acquires 51.11 percent in Hindustan Petroleum (HpercentL) for Rs 36,915 cr.

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