Uti Asset Management

• 

  UTI AMC Makes A Tepid Debut, Lists At 12% Discount

  Shares of UTI Asset Management Company: The shares listed at Rs 490.25, a discount of Rs 63.75 or 11.51 per cent on the BSE, compared to issue price of Rs 554.

• 

  UTI Asset Management Company Public Offer Subscribed Over 2 Times On Final Day

  UTI Asset Management Company is the 10th company to have launched its initial public offer so far this year.

• 

  UTI AMC Public Offer Opens For Bidding. Key Things To Know

  The IPO comprises sale of 30.75 per cent stake by existing shareholders, including State Bank of India, Life Insurance Corporation, Bank of Baroda, Punjab National Bank and T Rowe Price International.

• 

  UTI AMC Public Offer To Open On Tuesday. Here's All You Need To Know

  The issue will be open for three trading days, from September 29 to October 1, 2020, and the issue price for the offer has been fixed at Rs 552-554 a share.

• 

  State Bank Of India To Trim Stake In UTI Mutual Fund Via IPO

  SBI, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank each hold an 18.24 per cent stake in the company.

• 

  Reliance Nippon Life AMC Files IPO Papers; Eyes Rs 18,000 Crore Valuation

  It would be the first initial public offering by a major asset management company (AMC) in India, though smaller rival UTI Mutual Fund's IPO plans have been in the works for a long time.

• 

  Nectar Lifesciences, Just Dial, IRCTC in Fortune India's 'Next 500' List

  Just Dial, UTI Asset Management Company and IRCTC are among the firms that have made it to the Fortune Next 500 list of Indian companies, which has been topped by Dynamatic Technologies

• UTI Truly Independent, IPO to Strengthen This Character: Leo Puri

  The country's oldest fund house, which manages assets worth over $15 billion, is planning to launch an Initial Public Offer (IPO) and would be the country's first asset management company to go public.

• UTI Mutual Fund Revives IPO Plans, Seeks Government Nod

  Confident about a steady trend continuing in the Indian markets, UTI Mutual Fund has decided to go public and has sought approval of the government to launch an initial public offer (IPO).

• Infosys independent director Leo Puri to step down

  IT services major Infosys has said one of its independent directors Leo Puri will step down from the board of directors following his appointment as the managing director of UTI Asset Management.

• UTI Asset Management names Leo Puri as managing director

  UTI, in which US-based asset manager T. Rowe Price Group holds a 26 per cent stake, had been operating without a head since its previous chairman and managing director, U.K. Sinha, departed in February 2011 to take the top job at Securities and Exchange Board of India.

• Investor assets in tax-saving mutual funds swell to nearly 2-year high

  Assets under management of equity-linked savings schemes (ELSS), which offer tax benefits to investors, have zoomed to their highest level since April, 2011 at over Rs 25,000 crore.

• Cabinet authorises National Investment Fund to buy PSU shares, recapitalise banks

  Carrying its disinvestment policy forward, the government today authorised the National Investment Fund (NIF) to buy shares of public sector enterprises, including banks and insurance companies. The NIF will also be used to recapitalise state-owned banks and insurance companies, an official release said.

• Government may use National Investment Fund to recapitalise state-owned banks

  The government is likely to consider a proposal tomorrow that seeks to expand the scope of National Investment Fund (NIF) to recapitalise public sector banks and insurance companies.

• UTI Mutual Fund appoints Imtaiyazur Rahman as interim CEO

  UTI Asset Management Company has appointed Imtaiyazur Rahman as an interim Chief Executive Officer.