Government To Reduce Stake in Axis Bank, ITC Only Through ETF: BQ Exclusive
People walk past a branch of Axis Bank Ltd. on Mahatma Gandhi Road in Gangtok. Photographer: Prashanth Vishwanathan/Bloomberg

Government To Reduce Stake in Axis Bank, ITC Only Through ETF: BQ Exclusive

The government wants to pare its stake in Axis Bank Ltd. and ITC Ltd. through Specified Undertaking of Unit Trust of India by more offers of exchange-traded funds and not through offers for sale.
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