The Special Undertaking of Unit Trust of India (SUUTI), the entity that took over the assured returns schemes of the erstwhile UTI in 2002, is likely to meet the redemption liabilities of around Rs 19,000 crore without having to sell blue-chips like ITC, L&amp;T and Axis Bank.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Sources involved with the redemption process said that the government and the SUUTI management have already carried out an assessment and have concluded that there was no need, for the time being, to sell family silver to clear the liabilities.
</p><p class='TableClas'>About Rs 8,000 crore becomes due at the end of the month when the Unit Scheme 64 (US-64), UTI&#39;s flagship scheme, comes up for renewal, and around Rs 11,000 crore will be required between March and June 2009 to repay the bond-holders.
</p><p class='TableClas'>US-64 

The Special Undertaking of Unit Trust of India (SUUTI), the entity that took over the assured returns schemes of the erstwhile UTI in 2002, is likely to meet the redemption liabilities of around Rs 19,000 crore without having to sell blue-chips like ITC, L&T and Axis Bank.

SUUTI to meet redemptions without selling blue chips

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