Tata Asset Management considers buying 45% in UTI AMC - Economic Times
8/15/2022 12:00:00 AM2 years 8 months ago
by Kala Vijayaraghavan and Rajesh Mascarenhas
by Kala Vijayaraghavan and Rajesh Mascarenhas
As of June 30, assets under management (AUM) of UTI AMC and Tata AMC were ₹2.24 lakh crore and ₹88,367 crore, respectively. UTI AMC, listed in October 2020, commands a market capitalisation of ₹9,520 crore as of Friday. At the current market price, the Tatas …
Mumbai: Tata Group, the promoter of Tata Asset Management Company (AMC), is exploring options to buy about 45% in UTI AMC from four state-owned financial entities, three people with knowledge of the … [+3168 chars]
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