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SUUTI STAKE SALE
Govt to sell stake in companies held under SU-UTI. How should investors react?It is a good buying opportunity, but don’t ignore the fundamentals of these scrips.- Government aims to raise Rs 22,000 crore from ITC, Axis stake saleThe government held stakes through Specified Undertaking of the Unit Trust of India (SUUTI).
- Govt may offload SUUTI stake in Axis Bank; stock sheds weightA proposal for stake sale in ITC is also under consideration, the sources said.
- Government raises Rs 6,700 crore from 2% stake sale in ITCThe sale comes amidst a 28% increase over the past two months in the share price of Kolkata-based ITC that sells four out of five locally m...
- Government sells 1.63% in L&T held through SUUTI, raises Rs 2,100 croreSUUTI, which was created to take over part of the assets and liabilities of the now-defunct Unit Trust of India, held 8.16 per cent stake i...
- Govt sells 1.63% in L&T held through SUUTI, raises Rs 2,100 croreThe transaction took place through block deals with private institutional buyers picking up the entire chunk on offer, leaving no headroom ...
- 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...
- 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 stake sale worth Rs 64,000 crore: Govt allows competing transactions for merchant bankersDepartment of Investment and Public Asset Management has loosened the rules for merchant bankers that would manage the sale of minority sta...
- SUUTI stake sale: Government eases rules for bankers for ITC, L&T, AxisA complete stake sale in the three Group A companies could fetch the exchequer about Rs 64,000 crore based on today's closing price.
- Government invites merchant bankers to sell SUUTI stakeAs a criterion, the RFP said SUUTI will rank the appointed merchant bankers and may use only up to three merchant bankers for a particular ...
- 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 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...
- Government may not dilute SUUTI stake in listed companies this fiscalGovernment is not likely to dilute stake in private companies that it holds through SUUTI as it expects to meet the disinvestment target fo...
- 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...
- Government may not dilute SUUTI stake in listed companies this fiscalAxis 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...
- ETF an option for SUUTI stake sale, says Arvind Mayaram"All options open. We are evaluating ETF option for SUUTI stake sale. No final decision taken taken on SUUTI stake sale," Mayaram said here.
- 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...
- ITC, L&T on alert as SUUTI begins to sell off assetsITC and L&T gear up as the countdown begins for the sale of stakes the Specified Undertaking of Unit Trust of India (SUUTI) hold in these b...
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