UTI AMC has filed its initial papers with markets regulator Sebi for initial public offering (IPO) to raise a little over ₹3,000 crore.
The country's largest asset management company in terms of total AUM, has filed offer document with the regulator for an initial public offer of up to 3,89,87,081 shares, through an offer for sale of up to 1,04,59,949 shares By State Bank Of India, up to 1,04,59,949 shares by Life Insurance Corporation Of India, up to 1,04,59,949 shares by Bank Of Baroda, up to 3,803,617 shares by Punjab National Bank and up to 3,803,617 shares by T Rowe Price International, according to the draft red herring prospectus (DRHP).
