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

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


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State Bank of India (SBI) on Wednesday said it will divest 8.25 per cent in the proposed initial public offering (IPO) of UTI Asset Management Company (AMC). The lender currently holds 18.25 per cent stake in the mutual fund (MF) house. Three other public sector undertakings (PSU) Life Insurance Corporation (LIC) of India, Bank of Baroda (BoB), and Punjab National Bank (PNB) also hold 18.25 per cent each, while US-based T Rowe ...


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