The Cabinet has cleared a proposal to wind up the Specified Undertaking of the Unit Trust of India (SUUTI).The Cabinet has now decided to set up a National Asset Management Company (NAMC), idea is to raise fresh capital and buy PSU stocks ... holdings of SUTTI to get transferred -Axis Bank, LT and ITC stock are the key holdings... TOtal holding value as per current market cap is around 40K crores. Is Government better of selling all the stake in these private companies or raise more capital (by pledging these stocks ??? ) and buying PSU stocks ?
Thanks to share that information with us, its amazing for business.Nice post
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