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Govt to sell Rs 8,000-cr SUUTI stake to meet revised FY20 divestment target

The Centre currently owns 4.71% in Axis Bank and 7.93% in ITC through SUUTI

Topics
SUUTI stake sale | Suuti | Axis Bank

Arup Roychoudhury  |  New Delhi 



Axis Bank
The Centre currently owns 4.71% in Axis Bank and 7.93% in ITC through SUUTI

The Centre will offload around Rs 8,000 crore worth of stake in and through Specified Undertaking of Unit Trust of India (SUUTI) before March 31 to help it meet the revised divestment target for 2019-20 (FY20) of Rs 65,000 crore, Business Standard has learnt.

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First Published: Thu, March 12 2020. 01:47 IST

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