Cabinet allows ITI to transfer shares to SNIF 
The Cabinet on Wednesday agreed to a proposal for transfer of shares by communications equipment manufacturer Indian Telephone Industries (ITI), to Special National Investment Fund to meet SEBI’s minimum public shareholding requirement, a release stated. The government, with 90% stake in the company, had approved a proposal in 2014 to offer assistance of ₹4156.79 crore for the company's revival.