New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Central govt. will disinvest its _______ shares which

    are held in ITC ltd.
    A 5.57 Correct Answer Incorrect Answer
    B 6.68 Correct Answer Incorrect Answer
    C 7.43 Correct Answer Incorrect Answer
    D 7.93 Correct Answer Incorrect Answer
    E 8.51 Correct Answer Incorrect Answer

    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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