February 7, 2017 / 4:14 AM / 6 months ago

India sells 2 pct stake in ITC for $995 mln - TV channels

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MUMBAI, Feb 7 (Reuters) - India has sold a 2 percent stake in ITC Ltd via block deals on Tuesday, raising 67 billion rupees ($995 million), television channels reported.

State-owned Specified Undertaking of Unit Trust of India (SUUTI) sold the stake, CNBC TV18 and ET NOW television channels said.

ITC shares were up 2 percent as of 0412 GMT, compared to a 0.18 percent fall in the broader NSE index.

$1 = 67.3525 Indian rupees Writing by Devidutta Tripathy; Editing by Rafael Nam

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