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Govt plans to sell its stake in Axis Bank

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  • Published On: May 12, 2008
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Axis Bank may have shed the UTI brand name but the legacy has remained with UTI continuing to hold 27.12 per cent stake through its investment vehicle Specified Undertaking of Unit Trust of India (SUUTI). But now Axis Bank may finally be on its way to severing all ties with its former parent as the government gets the ball rolling on divesting UTI's holding by the end of this fiscal.
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