UTI Asset Management Company Limited, India's oldest and the sixth largest asset management company is ready to launch an initial public offering (IPO) and will offer to sell 26-30% of its equity, three people with direct knowledge of the matter said, asking not to be identified. The stake reportedly comes from the holdings of the asset manager's four state-run sponsors, State Bank of India (NSEI:SBIN), Bank of Baroda (NSEI:BANKBARODA), Punjab National Bank (BSE:532461) and Life Insurance Corporation of India (LIC), all of whom have agreed to dilute their stake.
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Other stock markets
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5-day change | 1st Jan Change | ||
979.2 INR | -2.00% | -0.90% | +17.62% |
04-29 | Jindal Steel & Power Appoints CFO | MT |
04-22 | Life Insurance Corporation of India Announces Board Changes | CI |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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945.8 INR | -0.26% | -2.94% | 1.44B | ||
831.4 INR | +0.17% | +3.76% | 88.99B | ||
276 INR | -1.18% | +2.93% | 17.1B | ||
135.8 INR | -1.59% | -0.48% | 17.93B | ||
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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+17.62% | 74.27B | |
+10.87% | 98.91B | |
+2.63% | 98.63B | |
-9.85% | 87.94B | |
+8.49% | 31.02B | |
+20.29% | 29.23B | |
+0.74% | 17.33B | |
-12.49% | 14.6B | |
+20.70% | 12.73B | |
+7.82% | 9.96B |
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- UTI Asset Management Reportedly Set To Launch IPO, To Sell 26-30% Stake