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UTI MF on road to go public with SBI nod

UTI MF on road to go public with SBI nod

Thursday, April 6, 2017, 7:30 AM

IPO of the UTI Mutual Fund could soon be a reality, with key stakeholders, including the SBI, finally coming on the same page. Listing plan of the country’s sixth-largest fund house had hit a block, with SBI and LIC trying to wrest control over the AMC. Other stakeholders the BoB, the PNB and the T Rowe Price Group had no qualms with the IPO.
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