To avoid any adverse impact on the stock markets, the finance ministry has advised the Unit Trust of India (UTI) to refrain from block sale of equity held by it in blue-chip companies. It has also recommended that UTI should not adopt the strategic sale route because of its political fallout.
According to finance ministry sources, sale of equity by the UTI in its core portfolio should be in small lots. By spacing out the sale of shares in big-ticket companies, UTI will be able to realise good value, too.
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