“We believe that UTI AMC will generate great interest from an investor as AMC’s business has a high RoE and a cash generating business. AMC HDFC is trading at 12.8% and Nippon AMC at 9% June AUM Now, the ultimate demand for UTI AMC would depend on what valuation the …
Read More »SBI, LIC and BoB will sell an 8.25% stake each in UTI AMC through an initial public offering
MUMBAI: The long awaited initial public offering (IPO) of UTI Asset Management Company will hit the markets next week. The offer price band has been set at ₹552-554 per share of capital and the three-day sale that aims to increase ₹2,152-2,160 crore will close for subscription on October 1. The …
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