SUUTI to offload 17% in Axis Bank

To hold on to stakes in ITC, Larsen & Toubro. ??The Special Undertaking of UTI (SUUTI) is set to sell around 17 per cent out of its 27.11 per cent stake in Axis Bank through block deals on the stock market, but will hold on to its stake in L&T and ITC, owing to concerns expressed by the two companies.
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