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Veil of secrecy around Suuti stake sale

This gave investment bankers just about 17 hours to reach out to institutional investors

Ashley Coutinho  |  Mumbai 

Suuti sets ball rolling on Rs 60k-cr stake sale

The (Dipam) has been maintaining an added layer of secrecy around its stake sale in firms that are part of the Specified Undertaking of the Unit Trust of India (Suuti). Its intention to sell stake in Larsen & Toubro, for instance, was disclosed the previous evening. This gave investment bankers just about 17 hours to reach out to institutional investors. While roadshows for future stake sales are being done on an ongoing basis, bankers remain clueless about the timing of the next sale. “While this ensures there were no wild fluctuations in the run-up to the stake sale, bankers will be under pressure, especially while handling sales of over Rs 5,000 crore,” said a banker, on the condition of anonymity.

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Veil of secrecy around Suuti stake sale

This gave investment bankers just about 17 hours to reach out to institutional investors

This gave investment bankers just about 17 hours to reach out to institutional investors
The (Dipam) has been maintaining an added layer of secrecy around its stake sale in firms that are part of the Specified Undertaking of the Unit Trust of India (Suuti). Its intention to sell stake in Larsen & Toubro, for instance, was disclosed the previous evening. This gave investment bankers just about 17 hours to reach out to institutional investors. While roadshows for future stake sales are being done on an ongoing basis, bankers remain clueless about the timing of the next sale. “While this ensures there were no wild fluctuations in the run-up to the stake sale, bankers will be under pressure, especially while handling sales of over Rs 5,000 crore,” said a banker, on the condition of anonymity.

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Business Standard
177 22

Veil of secrecy around Suuti stake sale

This gave investment bankers just about 17 hours to reach out to institutional investors

The (Dipam) has been maintaining an added layer of secrecy around its stake sale in firms that are part of the Specified Undertaking of the Unit Trust of India (Suuti). Its intention to sell stake in Larsen & Toubro, for instance, was disclosed the previous evening. This gave investment bankers just about 17 hours to reach out to institutional investors. While roadshows for future stake sales are being done on an ongoing basis, bankers remain clueless about the timing of the next sale. “While this ensures there were no wild fluctuations in the run-up to the stake sale, bankers will be under pressure, especially while handling sales of over Rs 5,000 crore,” said a banker, on the condition of anonymity.

image
Business Standard
177 22