The disinvestment proceeds mopped up so far this fiscal increased to Rs 28,383 crore. The budget target from disinvestment in the current fiscal (Apr-March) is pegged at Rs 65,000 crore.
The Indian Government has garnered about Rs 3,839 crore by selling a 1.5 percent stake in Axis Banks’, held through SUUTI (Specified Undertaking of the Unit Trust of India (SUUTI). Last week the government sold a 1.5 percent stake in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI). The floor price for the offer was Rs 830.63 per equity share.
“Government has received about Rs 3,839 crore from the sale of Axis Bank shares held by SUUTI,” the Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey tweeted.
Shares of Axis Banks’ closed at Rs 854.65, down 0.44 percent against the previous close on BSE. With the sale of the SUUTI stake, the disinvestment proceeds mopped up so far this fiscal increased to Rs 28,383 crore. The budget target from disinvestment in the current fiscal (Apr-March) is pegged at Rs 65,000 crore.
