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    • No proposal of stake sale to L&T Finance: IDBI

      Amid reports of stake sale, state-owned IDBI Bank today said there is no formal proposal from L&T Finance Holdings for merger with the bank.

    • UTI independent, IPO to strengthen this character: Leo Puri

      Asserting that UTI Mutual Fund is the only large independent asset manager in the country, its chief Leo Puri has said that the fund house's proposed IPO will further strengthen this character.

    • UTI Mutual Fund revives IPO plans; seeks Govt approval

      UTI AMC, which runs the country's oldest fund house UTI MF, had earlier also planned to launch an IPO, but it had to shelve its plans way back in 2008 due to adverse market conditions, despite having got all regulatory clearances.

    • Govt plans stake sale in Axis Bank, ITC, L&T via new ETF

      The point here is not to go in for a big time stake sale. In fact, the government did shed its stake in Axis Bank to around 10 percent in FY14 and the plan was not to sell any further stock in FY15.

    • LIC ups Infy stake to record high; buys Rs 2kcr worth shres

      The country's largest insurer LIC has hiked its stake in Infosys to a record high level of 6.3% with purchase of shares worth an estimated Rs 2,000 crore in the first quarter of the current fiscal.

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