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LIC must pare ITC, L&T stakes to below 15% by Dec 2018: Irdai
Tue, Aug 08, 2017
These two are considered as non-strategic investments for LIC. While LIC holds 16.29% stake in ITC, it holds 17.97% stake in L&T as of end June.
Govt sells 2.5% in L&T held via SUUTI, raises Rs 4,000 crore
Wed, Jun 21, 2017
SUUTI, which was created to take over part of the assets and liabilities of the now-defunct Unit Trust of India, held 6.53 per cent stake in L&T.
Government on course to achieve FY17 disinvestment target: Official
Wed, Jan 11, 2017
The Government has already garnered Rs 23,500 crore by divesting its stakes in public sector units (PSUs) so far in the current fiscal and is hopeful of achieving the fiscal 2016-17 (FY17) disinvestment target of Rs 56,500 crore, a Finance Ministry official said on Wednesday.
SUUTI sells 1.63% stake in L&T for Rs 2100 crore
Fri, Nov 04, 2016
Neeraj Kumar Gupta, secretary for Department of Investment and Public Asset Management, in New Delhi told reporters that the government had offered 1.5% of its stake in the company to investors but got offers for 1.63% stake.