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UTI AMC IPO: UTI AMC raises Rs 644.64 cr from 67 anchor buyers forward of the IPO

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UTI Asset Management Company Limited, the second largest asset administration firm in India by way of Total AUM, allotted 1,16,36,124 fairness shares to 67 anchor buyers and raised Rs 644.64 crore forward of the corporate’s proposed IPO at an higher worth band of Rs 554 per fairness shares.

The anchor buyers included Nomura (Singapore), Goldman Sachs (Singapore), Morgan Stanley Asia (Singapore), ICICI Prudential Mutual Fund and HDFC Mutual Fund, amongst others.

The worth band of the supply has been mounted at Rs 552 to Rs 554 per fairness share. The preliminary public supply opens for subscription on 29th September 2020 and can shut on 01st October 2020.

A press launch from the corporate stated that the supply consists of an IPO of as much as 38,987,081 fairness shares by the promoting shareholders comprising a proposal on the market of as much as 10,459,949 fairness shares by State Bank of India, as much as 10,459,949 fairness shares by Life Insurance Corporation of India, as much as 10,459,949 fairness shares by Bank of Baroda, as much as 3,803,617 fairness shares by Punjab National Bank and as much as 3,803,617 fairness shares by T. Rowe Price International Ltd.




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