Government Raises Rs 6,700 Crore From Stake Sale In ITC: Report

Mumbai/New Delhi: Government has sold a 2 percent stake in consumer goods and cigarettes maker ITC Ltd, raising about Rs 6,700 crore, three sources with direct knowledge of the deal said on Tuesday.  State-owned Specified Undertaking of Unit Trust of India (SUUTI), which owned 11.12 percent of ITC as of end-December, pared the stake via block deals in the market, the sources said.  Life Insurance Corp (LIC), which typically invests...