Life Insurance Corporation of India and State Bank of India (BSE:500112) intends to acquire assets of UTI Asset Management Company (P) Ltd. SBI is understood to have said it would offer the other stakeholders shares of UTI in lieu of their holdings, while LIC, it is believed to have offered to put money on the table. Financial Express added that LIC said it had no comments to offer while an email sent to SBI did not elicit a response.