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SUUTI ASSETS
No immediate plan to sell part of SUUTI stake in ITC: DIPAMSUUTI held a 7.82% stake in the diversified conglomerate ITC as of December 31, 2023. SUUTI had last diluted 2% of its stake in ITC in Febr...- SUUTI to offload 3% stake in L&T today at 2% discountSUUTI had said it would pare holdings in L&T, ITC and Axis Bank in the first phase of divesting stakes it holds in 51 firms. It holds an 11...
- Government's SUUTI selling up to $594 million stake in L&TThe base deal size for an up to 1.5 percent stake in L&T is worth about $297 million while the upsized deal for an up to 3 percent stake co...
- Irda asks LIC to get board nod for SUUTI stake buyThe insurer is keen on buying the stake of SUUTI, an organisation that the government carved out of the Unit Trust of India to save the mut...
- Axis Bank shares fall 6% on SUUTI stake sale buzzSUUTI holds an 11.94 per cent stake in Axis Bank worth Rs 15,309 crore based on the bank's stock price.
- SUUTI stakes sale faces hurdles; bankers say fine print too restrictiveThe bankers raised this issue at a July 18 pre-bid meeting attended by over 40 bankers from top foreign and domestic merger advisory firms ...
- Government starts process for sale of SUUTI HoldingsAs a first step, it has invited applications from merchant bankers in a request for proposal (RFP), which says the sale process is expected...
- Government kick starts SUUTI stake saleThe government will appoint three bankers on a consolidated basis, however, the sale process will be carried out individually for the compa...
- Not desperate to sell SUUTI stakes, says economic affairs secy Shaktikanta DasSpecified Undertaking of UTI, or SUUTI, came into being in February 2003 following the split of the Unit Trust of India.
- SUUTI stake sale in blue chip companies like ITC and L&T put on holdJaitley had budgeted for Rs 43K cr from disinvestment through stake sales in PSUs and another Rs 15K cr from residual holdings in cos priva...
- Surge in stock prices of L&T, Axis Bank & other companies offers bonanza for Modi-led governmentSurge in stock prices of Larsen & Toubro, Axis Bank and other companies has delivered a bonanza for the new government.
- SUUTI may become holding company for PSBsThe union cabinet has already approved a proposal to wind up SUUTI and shift its assets to a new asset management company.
- Government clears winding up of SUUTI; creates NAMCThe government approved winding up of Specified Undertaking of the Unit Trust of India (SUUTI) and creation of National Asset Management Co...
- Company buying Specified Undertaking of Unit Trust of India assets must provide for claimsThe finance ministry has recommended that the proposed company taking over the Rs 41,000-crore assets of SUUTI should set aside money to pa...
- Public sector banks not keen to transfer SUUTI assets to a holding companyPSBs have given a tepid response to the finance ministry’s proposal to create a holding company to transfer underlying assets of SUUTI.
- Govt may dissolve SUUTI, to form new company to raise Rs 50K crThe government is looking at novel ways to meet its ambitious disinvestment target of Rs 40,000 crore under which the assets of SUUTI, spec...
- Suuti offers Asrec shares to existing shareholdersSpecial Undertaking of Unit Trust of India (Suuti) - the principal shareholder of Asset Reconstruction Company (Asrec) - has offered its sh...
- SUUTI to pull out of AsrecSpecial Undertaking of Unit Trust of India, the principal shareholder of Asset Reconstruction Company, has decided to sell its entire stake...
- SUUTI to clear ARS dues of Rs 5k crThe Specified Undertaking of UTI (SUUTI) is all set to pay over Rs 5,000-crore due to the 13 lakh investors who were issued assured return ...
- SUUTI to transfer residual stake in L&T, ITC to govtThe residual stake held by the Specified Undertaking of UTI in L&T and ITC will be transferred to the government after March 2009 when the ...
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