IFLR1000

SUUTI Re67 billion divestment of 2% ITC

7/2/2017
Divestment
Select tab

Re 67 billion

$ 1 billion

Completed

7/2/2017

Overview:

  • The Specified Undertaking of the Unit Trust of India (SUUTI) has sold a 2% stake in ITC via a block trade for approximately Re67 billion.
  • Citigroup Global Markets India, Morgan Stanley India and ICICI Securities acted as brokers.

Wai Yee Tsang - Journalist

Jurisdiction:

India

Deal type:

Divestment

Practice area:

M&A

Industry sector:

Government and public policy

Firm:
Luthra and Luthra Law Offices India

Party: Citigroup Global Markets India (Broker)

Party: Morgan Stanley India (Broker)

Party: ICICI Securities (Broker)

Related deals