Latest News on Unit Trust Of India
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Unit Trust Of India - Total results - 9
Feb 12, 2019
Govt aims to raise Rs 5,316 cr through Axis Bank stake sale; keeps option to sell additional 1.02% sharesSUUTI, which was created to take over part of the assets and liabilities of the now defunct Unit Trust of India, owned 9.56 percent stake in Axis Bank at the end of December 2018.
Aug 09, 2018
US investor T Rowe Price moves Bombay High Court over Unit Trust of India's IPO issueIn its petition, T Rowe Price International Ltd, which owns 26 percent of the UTI Asset Management Company, claimed the four public sector undertakings namely State Bank of India, Life Insurance Corporation, Punjab National Bank and Bank of Baroda were trying to stall the company's proposed IPO.
Jun 22, 2017
Govt sells 2.5% Larsen & Toubro stake, pockets Rs 4,200 croreWith this transaction, the government has garnered nearly Rs 6,400 crore from disinvestment so far in the current fiscal. The Budget had estimated to collect Rs 72,500 crore through minority sale and strategic stake sale of CPSEs.
Feb 07, 2017
SUUTI: Govt offloads 2% stake in ITC to LIC via block deals, raises Rs 6,700 croreThe government had in November 2016 sold 1.63 percent in L&T, while in March 2014 sold 9 percent stake in Axis Bank to raise Rs 5,500 crore through block deals
Aug 19, 2014
Finance Ministry may give UTI Mutual Fund IPO in principle approval soonGovernment 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 hold stake in UTI Mutual Fund on behalf of the government.
Jun 29, 2012
Bad idea: Why entry loads cannot revive India's MFsSuch a move would only take investors elsewhere, which in no way is going to 'revive' the MF industry.
Apr 03, 2012
Mutual fund assets tumble by Rs 36,000 crore in FY12Reaching its lowest level in more than two years, the average asset under management of the entire Indian mutual fund industry dipped to Rs 6,64,824 crore at the close of the last fiscal.
Jan 13, 2012
Another govt tactic to get cash: force PSUs to pay higher dividendsAn increasing fiscal gap has now focused the government's attention to squeeze top-public sector companies into coughing higher dividends.
May 04, 2011
Life Insurance Corporation: Don't go the UTI wayThe government cannot use taxpayers' money to fill the gap between assets and liabilities at LIC. It must be converted into a company that is similar in structure to private insurance companies.