UTI defers $480 mn IPO plan: Sources

Reuters
Posted: 2008-07-07 11:16:56+05:30 IST
Updated: Jul 07, 2008 at 1250 hrs IST

Font Size

Feedback

Discuss

New payment system for IPOs by Aug 10: Bhave UTI defers $480 mn IPO plan: Sources UTI defers $480 mn IPO plan: Sources Rel Power earmarks Rs 6,148 cr from IPO

India's No. 4 mutual fund firm, UTI Asset Management, has deferred plans to launch an IPO after falling stocks hit investor sentiment, six sources, including bankers, with direct knowledge of the matter said on Monday.

"It's deferred," one source in UTI said, referring to the initial public offer that was expected to be launched by July 22.

"Pre-IPO will also not happen now," he said.

UTI Chairman U.K. Sinha could not be immediately reached for comment.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

UTI defers $480 mn IPO plan: Sources

Post Comments