 "stake, share, investment, equity, shareholder, promoter, banks, disinvestment, markets, returns, stocks,diversification")
The Centre’s move to pare its holding in Axis Bank--held under the Specified Undertaking of The Unit Trust of India’s (Suuti)--has stoked hopes of disinvestment by stealth. Last week, the government sold shares worth Rs 220 crore in Axis Bank in the open market. The transaction, carried out without a formal announcement, came to light only this week. Market players said the government should pursue the same strategy for selling shares in listed PSUs. A prior announcement often leads to bear hammering of the stock causing harm to the government as well as other shareholders, they add.
The government usually
