Speaking to reporters later, Bommai said: "We respectfully accept the decision of the people. I take the responsibility of the defeat."
The 61-year old leader will take oath as the Chief Minister of Karnataka from Governor Thaawarchand Gehlot at the Raj Bhavan on Wednesday at 11 am.
The 61 year-old leader was the Minister for Home Affairs, Law, Parliamentary Affairs and Legislature in Yediyurappa's council of ministers that was dissolved on Monday and was also the Minister in-charge of Haveri and Udupi Districts.
Basavaraj Bommai on Wednesday took charge as the new Chief Minister of Karnataka, ending months of speculation about the change of guard in the state.
His father Somappa Rayappa Bommai was the state chief minister during 1988-1989.
Outgoing Karnataka Chief Minister Basavaraj Bommai on Wednesday said the 'inability' of the Congress to decide on the new chief minister early, despite having a complete majority, reflects on the internal situation of the party.
A day after fielding Mohammed Yousuf Savanur as its candidate from Shiggaon in Haveri district, the party nominated Yasir Ahmed Khan Phatan in his place.
The chief minister who turned emotional twice recalled how affectionately he was fed 'Rotti' (Jowar Roti) and 'Navane' (foxtail millet) rice every time he came to his constituency as Basavaraj.
Amid the raging border dispute, Karnataka and Maharashtra chief ministers spoke to each other over the phone on Tuesday night and have agreed that there should be peace and law and order should be maintained on both sides.
He said the cabinet expansion exercise may not take a week's time and a direction from the leadership was likely by Monday.
They were similar to electronic wallet Paytm. Bommai's face figures in the middle of the QR code with the message "40 % accepted here".
The consultations during his visit revolved around the upcoming polls for Rajya Sabha and Legislative Council.
The decades-old boundary dispute between Karnataka and Maharashtra over Belagavi has again flared up as both the State governments are readying for a legal battle.
'No village in Maharashtra will go to Karnataka! The state government will fight strongly in the Supreme Court to get Marathi speaking villages in Karnataka including Belgaum-Karwar-Nipani!' said Fadnavis.
Bommai on Saturday made it clear that he is not travelling to any foreign country and that there is no question of any new chief minister in Karnataka.
Karnataka Chief Minister Basavaraj Bommai on Monday said that he will ask his Maharashtra counterpart Eknath Shinde not to send his ministers to Belagavi, amid the raging border dispute between both the state, as it may disrupt the law and order situation in the border district.
Bihar Chief Minister Nitish Kumar and his Karnataka counterpart Basavaraj Bommai tested positive for COVID-19 on Monday.
Karnataka Chief Minister Siddaramaiah has invited his deputy D K Shivakumar for a breakfast meeting to discuss the leadership row, amid an ongoing power struggle within the state's Congress party.
The Karnataka legislative assembly on Monday passed a unanimous resolution condemning the recent defacing of Shivaji Maharaj and Sangolli Rayanna's statues and burning of Kannada flag, and said such incidents will be considered as an act of sedition and strict action will be taken against those involved under 'Goonda Act.'
Maharashtra ministers Chandrakant Patil and Shambhuraj Desai, appointed for coordinating the state's border dispute with Karnataka, are unlikely to visit Belagavi on Tuesday as both have various meetings scheduled in Maharashtra during the day.
Terming religious conversion a silent invasion, Karnataka Chief Minister Basavaraj Bommai on Monday said the menace of conversion should not be allowed to grow in society.
Hectic parleys were on between Bommai and central leaders in Delhi during the last couple of days, to finalise the cabinet expansion.
Bommai, who is on his first visit to the national capital after becoming a chief minister, also said the Karnataka government will further strengthen the state's health infrastructure to combat the current wave of the pandemic.
The on-again, off-again political crisis time in Karnataka continued on Friday when nine ministers loyal to former chief minister B S Yeddyurappa resigned from the state Cabinet.These include Jagadish Shettar, considered to be the chief-minister-in-waiting, Yeddyurappa's close aide Shobha Karandlage and seven others including Basavaraj Bommai, V Somana, Renukacharya, C M Udasi.
The police which are probing the matter on Bommai's instruction had arrested B R Naidu, the former chief of Congress' Karnataka unit social media team, on Wednesday night from his residence.
Responding to a question on speculation on a leadership change in the state, the former Chief Minister, who was replaced by Bommai said, according to him there will be no such changes.
Bommai rejected all the key infrastructure related proposals of Kerala, saying it will damage the eco-sensitive zones and wildlife sanctuaries.
Karnataka Minister K S Eshwarappa, who is facing charges of abetment to suicide in connection with the death of a civil contractor in Udupi, on Thursday announced stepping down from his position.
Asked by reporters if there will be surprise candidates in the fray from the Bharatiya Janata Party, he said: "Certainly, there is a plan for new experiments in certain constituencies and they will happen."
Speaking to reporters before leaving for Bengaluru, Bommai said he held a meeting with Nadda on Wednesday on the matter.
There are critics who say the Bommai's government was not able to counter the Congress narrative to paint his administration as corrupt, a factor that helped the Congress surge in the May 10 assembly elections.
Karnataka Legislative Assembly on Thursday unanimously passed a resolution on the border row with Maharashtra, resolving to protect the state's interests and not to cede an inch of land to its neighbour. The resolution which also condemned the border dispute "created" by Maharashtra and moved by Chief Minister Basavaraj Bommai, was adopted by a voice vote.
Kateel too rejected talks about changing the CM by stating that Bommai would complete his tenure.
Reiterating that the Royal Challengers Bengaluru (RCB) team felicitation event in front of Vidhana Soudha on June 4 was not organised by the state government, Karnataka Chief Minister Siddaramaiah on Wednesday clarified that he 'called' Governor Thaawarchand Gehlot for the event, which he too was attending.
Rejoicing over the Bharatiya Janata Party's landslide victory in Gujarat, Karnataka Chief Minister Basavaraj Bommai said the election results there will have a positive effect on the party's prospects in poll-bound Karnataka.
Karnataka Chief Minister Basavaraj Bommai on Wednesday said the government is trying to find out details about the student from Haveri district who was reportedly injured due to the shelling by Russian forces in Ukraine's Kharkiv city.
"We will do a detailed analysis as the results conclude. We will take these results in our stride and try to reorganise the party for next year's Lok Sabha elections," the BJP leader said.
Here's how some of the heavyweights fared in the Karnataka elections.
Sulking Karnataka Bharatiya Janata Party legislator K S Eshwarappa on Tuesday claimed Chief Minister Basavaraj Bommai has assured to make him a minister soon.
Karnataka Chief Minister Basavaraj Bommai on Wednesday said the state government would look into the "serious objections" raised over halal meat, with some right-wing groups giving a call to boycott it.