Leo Puri, chief executive officer of UTI Mutual Fund, tellsChandan Kishore Kant an Initial Public Offering of stocks is the only feasible way forward and should be allowed without more delay. Excerpts:
What is the update on the plan to list UTI MF?
The asset management company (AMC) and trustee board have proposed it be listed and sought approval from the government. Since the shareholders (four government financial institutions have the majority; there are private minority shareholders) have not been able to reach a consensus, this matter is awaiting approval from the ministry of finance. As soon as we get that approval, we will be well positioned to undertake steps towards listingwithin six months or so. That’s the view of UTI AMC.