Govt may offload SUUTI stake in Axis Bank; stock sheds weight
A proposal for stake sale in ITC is also under consideration, the sources said.
Govt likely to sell its SUUTI stake in Axis Bank in two tranches
Govt likely to sell its SUUTI stake in Axis Bank in two tranches, say source...
Shareholders of UTI AMC to pare stake via IPO
UTI AMC, have decided to sell part of their holdings to the public through a share sale.
BHEL, GAIL, Hind Zinc & NALCO likely to be on selloff list: CLSA
Brokerage says divestment target may grow, especially if govt goes for more tax cuts.
SUUTI proposes to sell up to 3% stake in Axis Bank via OFS
The government on Tuesday will launch an offer for sale to divest Axis Bank stake, it holds through the Specified Undertaking of Unit Trust ...
FinMin may sell part of SUUTI holding in Axis Bank, ITC
SUUTI held around 9.63 per cent stake in Axis Bank, 7.97 per cent in ITC and 1.80 per cent in L&T.
Institutional investors put in Rs 8,000-cr bids for SUUTI stake in Axis Bank
The issue will open for retail investors on Wednesday.
SUUTI to sell up to 3% stake in Axis Bank via OFS for Rs 5,300 crore
The floor price has been fixed at Rs 689.52, which is 3% discount to Monday’s closing price.
Disinvestment proceeds touch Rs 53,558 crore
The government has sold as much as 3 per cent stake in Axis Bank held via SUUTI through OFS.
Axis Bank OFS subscribed 3.68 times on Day 2
On Tuesday, the quota set for non-retail investors was subscribed 2.56 times.
Axis Bank declines 1% as govt readies to sell stake
The Axis Bank’s SUUTI block is valued at about Rs 5,316 crore.
Axis Bank OFS subscribed 2.56 times on Day 1
The OFS is priced at Rs 689.52 apiece, which was 3% discount to Monday’s closing price.
Government seeks to raise Rs 5,316 crore by selling 3% in Axis Bank
The offer for sale, at Rs 689.52 apiece, translates into a 3% discount to Monday’s Axis Bank closing price of 710.35.
Before excise duty cut, sell SUUTI holdings to create fiscal space: Rajiv Kumar
If we nurture the micros, the macros will take care of themselves, says the NITI Aayog Vice Chairman.
AMC in the works to help PSU banks offload non-core assets
The AMC would take over the asset, determine a valuation and sell it through a bidding process, one official said. “The proposed AMC will charge a small fee from the lender.
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