News From Press Aditya Birla Sun Life AMC joins race to pick stake in UTI AMC

Aditya Birla Sun Life AMC joins race to pick stake in UTI AMC

Source: The Hindu Sep 6, 2022

Aditya Birla Sun Life Asset Management Company has thrown its hat in the ring to acquire majority stake in the UTI AMC and shore up its asset under management.

The fund house will be vying with Tata AMC and others to acquire 45 per cent stake being offloaded by Bank of Baroda, State Bank of India and Punjab National Bank, besides Life Insurance Corporation of India.

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