No immediate plan to sell part of SUUTI stake in ITC: DIPAM

SUUTI held a 7.82% stake in the diversified conglomerate ITC as of December 31, 2023. SUUTI had last diluted 2% of its stake in ITC in February 2017.

New Delhi: The government has no immediate plan to sell a part of its stake in that is held through Specified Undertaking of the Unit Trust of India (SUUTI), Department of Investment and Public Asset Management () secretary said on Wednesday.

SUUTI held a 7.82% stake in the diversified conglomerate as of December 31, 2023. SUUTI had last diluted 2% of its stake in ITC in February 2017.

Source: Stocks-Markets-Economic Times