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.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
990.8 INR | +0.47% | +1.52% | +19.01% |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
948.6 INR | +0.89% | +2.82% | 1.44B | ||
773.1 INR | +0.01% | +2.85% | 82.83B | ||
259.2 INR | -0.38% | +1.77% | 16.15B | ||
133 INR | +0.19% | +3.78% | 17.56B | ||
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+19.01% | 74.89B | |
-0.79% | 91.17B | |
+0.74% | 90.05B | |
-25.86% | 69.66B | |
+18.86% | 28.14B | |
+3.09% | 26.49B | |
+1.92% | 17.67B | |
-8.12% | 15.52B | |
+20.81% | 12.76B | |
+7.63% | 10.27B |
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- UTI Asset Management Reportedly Set To Launch IPO, To Sell 26-30% Stake