You are here: Home » Markets » News
Business Standard

Veil of secrecy around Suuti stake sale

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

Topics
Suuti

Ashley Coutinho  |  Mumbai 

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

The Department of Investment and Public Asset Management (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.
.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sun, November 27 2016. 23:31 IST
RECOMMENDED FOR YOU
.