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.