Specified Undertaking Of The Unit Trust Of India

The government holds a 9.56% stake in the private sector lender through state-owned Specified Undertaking of the Unit Trust Of India

The stake, held by the state-owned Specified Undertaking of Unit Trust of India (SUUTI), was sold through block deals in stock markets, said Neeraj Gupta.

The stake, held by the state-owned Specified Undertaking of Unit Trust of India (SUUTI), was sold through block deals in stock markets.

As of end March, LIC owned more than 15 per cent in index majors like ITC (16.32 per cent) and L&T (16 per cent), both part of the Suuti (specified undertaking of the Unit Trust of India) stakes that government owns through LIC, and state- owned Corporation Bank in which it owns 18.91 per cent.

Government trust fund SUUTI owned more than 8 per cent of Larsen & Toubro as of end-September, according to stock exchange data.

"Swapan Dasgupta, Nominee of the Administrator of The Specified Undertaking of The Unit Trust of India, has resigned as Director of the Company," Larsen & Toubro said.

Axis Bank on Tuesday said Sanjiv Misra will continue as its non-executive chairman for next three months.

The government is considering diluting its 11.7 per cent stake in Axis Bank it holds through the Specified Undertaking of the Unit Trust of India (SUUTI) to meet shortfall in disinvestment proceeds and revenue collection during the current fiscal.

The government indirectly controls 29.19 per cent in Axis Bank through the administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), the Life Insurance Corporation and four other public sector general insurance companies.

L&T Employees Welfare Foundation, with 11.80 per cent stake, and Government of India through the Administrator of the Specified Undertaking of the Unit Trust of India (8.20 per cent stake) are its second and third largest shareholders respectively.

The government held 20.7 per cent in Axis Bank, India's third-largest private-sector bank by assets, via a trust fund called Specified Undertaking of the Unit Trust of India (SUUTI), before the stake sale.

The government holds a 9.56% stake in the private sector lender through state-owned Specified Undertaking of the Unit Trust Of India

The stake, held by the state-owned Specified Undertaking of Unit Trust of India (SUUTI), was sold through block deals in stock markets, said Neeraj Gupta.

The stake, held by the state-owned Specified Undertaking of Unit Trust of India (SUUTI), was sold through block deals in stock markets.

As of end March, LIC owned more than 15 per cent in index majors like ITC (16.32 per cent) and L&T (16 per cent), both part of the Suuti (specified undertaking of the Unit Trust of India) stakes that government owns through LIC, and state- owned Corporation Bank in which it owns 18.91 per cent.

Government trust fund SUUTI owned more than 8 per cent of Larsen & Toubro as of end-September, according to stock exchange data.

"Swapan Dasgupta, Nominee of the Administrator of The Specified Undertaking of The Unit Trust of India, has resigned as Director of the Company," Larsen & Toubro said.

Axis Bank on Tuesday said Sanjiv Misra will continue as its non-executive chairman for next three months.

The government is considering diluting its 11.7 per cent stake in Axis Bank it holds through the Specified Undertaking of the Unit Trust of India (SUUTI) to meet shortfall in disinvestment proceeds and revenue collection during the current fiscal.

The government indirectly controls 29.19 per cent in Axis Bank through the administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), the Life Insurance Corporation and four other public sector general insurance companies.

L&T Employees Welfare Foundation, with 11.80 per cent stake, and Government of India through the Administrator of the Specified Undertaking of the Unit Trust of India (8.20 per cent stake) are its second and third largest shareholders respectively.

The government held 20.7 per cent in Axis Bank, India's third-largest private-sector bank by assets, via a trust fund called Specified Undertaking of the Unit Trust of India (SUUTI), before the stake sale.