L&T shares worth Rs 4040.41 crore as per Thursday's closing price are expected to be sold on November 4.
The much awaited SUUTI stake sale is likely to kick start as sources tell CNBC-TV18 that around 3 percent stake in L&T is expected to be sold via offer for sale (OFS) route.
The Specified Undertaking of the United Trust of India (SUUTI) was formed back in 2003 as an extension of the UTI. It consists of 51 companies -- 8 unlisted and the rest 43 listed. Through SUUTI, the government holds minority stake in these companies and is planning to divest its shareholding.
