India's second largest mutual fund firm- UTI Asset Management Company Pvt Ltd plans to renew its $500mn IPO, which has been delayed earlier this year due to heavy decline of the Indian stock market.
The UTI executives will meet investors next week to judge the market interest. They will meet in Mumbai on Monday and in Singapore on Tuesday followed tentatively by presentations in Hong Kong, London and New York.
Citigroup, Enam Securities and JM Financial are sponsoring the deal.
Thursday, May 22, 2008
UTI plans to renew its $500mn IPO
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