Page 3 - Uti Amc

Wrong idea in market that we are not professionally run: Top UTI AMC exec

In a Q&A, three of the firm's top brass dwell on its forthcoming IPO, the state of the MF industry and issues surrounding the company's ownership structure

UTI AMC IPO to open on September 29, price band fixed at Rs 552 - Rs 554

Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter.

UTI AMC set to go public with Rs 3,000-cr issue on September 29

State Bank of India, Life Insurance Corporation of India (LIC), Punjab National Bank, Bank of Baroda, and T Rowe Price International are selling shares

Bombay HC directs UTI AMC to include staff liabilities in IPO prospectus

The liabilities could amount to Rs 1,250 crore, with bulk arising out of pension dues to 1,200-odd former employees, as per estimates by staff associations

UTI AMC yet to resolve pension issue of former staff as IPO nears

Employee association plan to move court if corrective action is not taken

UTI AMC initial public offering faces a delay over compliance issues

People in the know said Sebi has reservations over certain compliance issues

UTI AMC IPO faces fresh trouble: Officers move Sebi over salary deadlock

All India UTI AMC Officers' Association approaches Sebi, says draft prospectus does not highlight contingent liabilities

UTI MF files draft papers for IPO; issue size likely to be up to Rs 4000 cr

The issue size is expected to be Rs 3,000-4,000 crore, valuing the AMC at Rs 10,000-11,000 crore

UTI AMC's yet-to-be listed shares show uptick in prices, gain over 30%

Analysts say final price discovery to depend upon various factors

BoB to sell 10.4 mn shares in proposed UTI AMC initial public offering

Last week, the country's largest lender State Bank of India had approved diluting up to 8.25% stake in UTI AMC

Sebi gives LIC, SBI, BoB until Dec 2020 to bring UTI AMC stake below 10%

LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 per cent stake individually in the AMC and trustee company of UTIMF

SBI to divest 8.25% in UTI AMC share sale; BoB, LIC and PNB may follow suit

The total dilution in the IPO could be 33 per cent

Beating benchmark indices has been a challenging task: Vetri Subramaniam

The volatility that we are seeing isn't exceptional, says Vetri Subramaniam

EPFO appoints UTI AMC, SBI Mutual Fund as fund managers

Besides, the Employees' Provident Fund Organisation (EPFO) also approved a proposal for early redemption of its investment of around Rs 700 crore in bonds of DHFL

EPFO may appoint HSBC AMC, UTI AMC, SBI MF as fund managers for 3-yr term

Earlier this year, the EPFO had made it clear that the SBI as a bank could not continue as the fund manger of the body

Elevated credit spreads not good for growth: UTI AMC's Vetri Subramaniam

The entire pharmaceutical sector has witnessed a significant correction and this is visible in the valuations, says UTI AMC's Subramaniam

UTI AMC starts work on appointing new managing director, chief executive

Its biggest shareholder T Rowe Price had publicly expressed concerns regarding leadership continuity

UTI AMC stakeholders continue to be at odds despite govt intervention

LIC writes to Dipam saying IPO could be delayed, as T Rowe not cooperating; US-based fund house says it is supportive of IPO

Imtaiyazur Rahman appointed Acting CEO with effect: UTI AMC Board

Rahman will look after the day to day operations of the company and work closely with the rest of the senior leadership team

I believe the health of the company is much better now: UTI AMC's Leo Puri

'Yes, we may have ceded some market share, but we are among the most profitable fund houses', says Leo Puri