Question
Central govt. will disinvest its _______ shares which
are held in ITC ltd.Solution
The Centre is reportedly planning to offload its stake in FMCG–hospitality–cigarette major ITC Ltd to meet the disinvestment target of Rs 1.75 lakh crore for 2021-22. The government’s 7.93 per cent stake in the Kolkata-based conglomerate is worth Rs 20,250 crore as it owns the stake in ITC through the Special Undertaking of the Unit Trust of India (SUUTI).
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