Specified Undertaking Of The Unit Trust Of India

Speaking to Moneycontrol, JN Gupta, Co-founder and MD of proxy advisory firm Stakeholders Empowerment Services (SES) said that in real sense, one arm of the government is the seller and other is the buyer, so at best it a resource [mobilisation] exercise by the government."

Govt sells 2% SUUTI stake in ITC; FY17 divestment goal in sight

In early trade Tuesday, the government has divested 2 percent of its stake held in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI).

ITC hits record high after lower-than-expected excise duty hike

Cigarette major ITC shares hit record high of Rs 269.50, up 4.5 percent intraday Wednesday as excise duty hike was within the analysts' expectations limit.

Govt may opt for public offer to reduce IDBI Bank stake

"We have never said that QIP is the only route. Initially some investors had shown their interest in QIP, but right now there is not much interest," Finance Ministry sources said.

Decision on IDBI Bank stake sale likely this fiscal: Kharat

Government is working on the stake sale of IDBI Bank and a decision in this regard could be taken during the current fiscal, its Managing Director Kishor Kharat said on June 6

IDBI Bank strategic stake sale unlikely this fiscal

Government is unlikely to go for a strategic stake sale of state-owned IDBI Bank during the current fiscal due to some procedural issues. "Strategic stake sale in IDBI Bank may not happen this fiscal due to some procedure issues but the bank can raise funds through QIP," sources said.

India plans to raise near Rs 5000 cr through ETF by March

The sales could be made through an exchange traded fund that could be launched before the end of March, the official told Reuters, requesting anonymity as he is not authorised to speak to the media.

Why is govt raising debt to buy PSU shares, asks Ex-Fin Sec

Poor investor response to the recent ONGC stake auction has pushed the government into a corner, looking for ways to meet its divestment target for FY13.

New AMC to be created to hold up SUUTI assets

The Cabinet has approved the proposal to wind up Specified Undertaking of the Unit Trust of India (SUUTI), reports CNBC-TV18. Sources say the timeline for the wind up will be decided next fiscal.

Cabinet may consider proposal to capitalise SUUTI next week

With the ONGC auction out of the way, the government is looking at other ways to raise revenues. Highly placed sources in the government have indicated that the Cabinet may consider the proposal to capitalise Specified Undertaking of The Unit Trust of India (SUUTI) next week itself, reports CNBC-TV18’s Siddharth Zarabi.