Government Axis Bank ITC Stake Sale to Mop up 22000 Crore Rupees

Government wants money to fight covid and drastic economic situtation. So Indian government is seeking to raise around to Rs 22,000 crore by selling its entire stake in FMCG–hospitality–cigarette major ITC and Axis Bank, one of the leading private sector lenders.

Government aims to raise Rs 22,000 crore from stake sale in ITC and Axis Bank both