UTI Mutual Fund IPO soon in India 2014
UTI Mutual Fund IPO soon : UTI Mutual Fund is the oldest house in the country will soon launch a public issue. Once again, trying to restore order in this IPO plans, sources said that UTI.
Approval from the Finance Ministry labhincanunnatlu information on this topic soon. UTI Mutual Fund IPO to come out of the Finance Ministry's proposal seems to be checking. After completion of study are likely to be available prior permission from the Department of Finance, the sources said.
The government owns 74%
Various banks, insurance companies, mutual fund by UTI, the government has a 74% stake. On behalf of the Government of the State (SBI), Punjab National Bank, Bank of Baroda, LIC has the UTI stake. The remaining 26% share of the world's investment firm T Rowe Price is at hand.
In fact, in 2008, the proposal to postpone the IPO anukulincaka UTI Asset Management, the company formed to market conditions. Then proposed to sell 4.8 crore equity shares. And then in 2009, accounting for 6.5% of the total of the four sponsoring organizations Rowe has acquired 26% stake in the tea. Listing at least a 25% stake to the public through the provision of the said cikkutundani to be executed. However, in the current financial year (2014-15) Q1 (April-June), the value of assets managed by the UTI emeph (eyuem) Rs. Stood at 79.441 million
Approval from the Finance Ministry labhincanunnatlu information on this topic soon. UTI Mutual Fund IPO to come out of the Finance Ministry's proposal seems to be checking. After completion of study are likely to be available prior permission from the Department of Finance, the sources said.
The government owns 74%
Various banks, insurance companies, mutual fund by UTI, the government has a 74% stake. On behalf of the Government of the State (SBI), Punjab National Bank, Bank of Baroda, LIC has the UTI stake. The remaining 26% share of the world's investment firm T Rowe Price is at hand.
In fact, in 2008, the proposal to postpone the IPO anukulincaka UTI Asset Management, the company formed to market conditions. Then proposed to sell 4.8 crore equity shares. And then in 2009, accounting for 6.5% of the total of the four sponsoring organizations Rowe has acquired 26% stake in the tea. Listing at least a 25% stake to the public through the provision of the said cikkutundani to be executed. However, in the current financial year (2014-15) Q1 (April-June), the value of assets managed by the UTI emeph (eyuem) Rs. Stood at 79.441 million
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