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SUUTI sells 2% stake in ITC via block deal

07 Feb 2017 Evaluate

The government has sold 2 percent of its stake held in ITC through the Specified Undertaking of the Unit Trust of India (SUUTI) via block deal to LIC. The government plans to collect around Rs 6,700 crore from the stake sale.

Through SUUTI, the government now holds 9.1 percent stake in ITC after the sale. With this surprise move, the government is now closer to achieving its FY17 revised divestment target of Rs 45,500 crore.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

ITC Share Price

305.40 -0.05 (-0.02%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 305.40
Godfrey Phillips 2151.50
VST Industries 263.50
The Indian Wood Pro. 34.00
NTC Industries 167.60
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