Govt looking to list UTI MF

Govt is expected to give in-principle approval for UTI MF IPO soon

Aug 18, 2014 04:08 IST India Infoline News Service

UTI Mutual Fund may revive its initial public offer (IPO) plan after Finance Ministry's approval which is expected soon, according to a media report.
However, no exact details have been provided about the launch of the IPO.
Government has stake in the UTI Mutual Fund through public sector banks and insurance companies. State Bank of India, Punjab National Bank, Bank of Baroda and LIC holding stake in UTI Mutual Fund on behalf of government of India.

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