India: SBI, LIC, BoB to offload 8.25% stake each in UTI AMC via IPO

India: SBI, LIC, BoB to offload 8.25% stake each in UTI AMC via IPO

Photo: Reuters

The much awaited initial public offering (IPO) of UTI Asset Management Company will hit the markets next week. The price band of the offer has been fixed at ₹552-554 per equity share and the three-day sale which aims to raise ₹2,152-2,160 crore will close for subscription on 1 October.

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