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Govt likely to sell Axis Bank, ITC, L&T shares in ETF

Govt likely to sell Axis Bank, ITC, L&T shares in ETF

Wednesday, March 22, 2017, 4:50 PM

India’s government is likely to sell part of the stakes it holds in Axis Bank Ltd., ITC Ltd, and Larsen & Toubro Ltd. through an exchange-traded fund this year, people familiar with the matter said. Shares of the three companies fell. The new ETF would be larger than the Central Public Sector Enterprises.
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