SUUTI 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...

The 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...

SUUTI holds an 11.94 per cent stake in Axis Bank worth Rs 15,309 crore based on the bank's stock price.

A complete stake sale in the three Group A companies could fetch the exchequer about Rs 64,000 crore based on today's closing price.

As a criterion, the RFP said SUUTI will rank the appointed merchant bankers and may use only up to three merchant bankers for a particular ...

As a first step, it has invited applications from merchant bankers in a request for proposal (RFP), which says the sale process is expected...

Government is not likely to dilute stake in private companies that it holds through SUUTI as it expects to meet the disinvestment target fo...

Specified Undertaking of UTI, or SUUTI, came into being in February 2003 following the split of the Unit Trust of India.

Axis Bank, L&T and ITC are the listed companies in SUUTI. The government wants to retain stake in these companies for the time being, sourc...

"All options open. We are evaluating ETF option for SUUTI stake sale. No final decision taken taken on SUUTI stake sale," Mayaram said here.

Finance ministry’s proposal to let the SUUTI sell shares of Indian companies originally held by it is a good way to raise revenues.

The union cabinet has already approved a proposal to wind up SUUTI and shift its assets to a new asset management company.

The government approved winding up of Specified Undertaking of the Unit Trust of India (SUUTI) and creation of National Asset Management Co...

The government is looking at novel ways to meet its ambitious disinvestment target of Rs 40,000 crore under which the assets of SUUTI, spec...

Special Undertaking of Unit Trust of India (Suuti) - the principal shareholder of Asset Reconstruction Company (Asrec) - has offered its sh...

The 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, which manages the assets and liabilities of the guaranteed return schemes of the erstwhile UTI, may continue to exist beyond April 2...