Making a case for strategic disinvestment of public sector units rather than selling shares in the market, disinvestment minister Arun Shourie today said that the Unit Trust of India has suffered notional losses of over Rs 5,000 crore on its purchase of public sector shares between 1991-92 to 1994-95.
UTI was the single largest institutional buyer of PSU shares divested during the period , buying shares worth Rs 6,403 crore. The mutual fund however earned a dividend of only Rs 1,650 crore.
