Press Trust Of India / New Delhi May 15, 2009, 00:41 IST
The country’s fourth largest asset manager, UTI Asset Management Company, on Thursday said it is open to acquisition if some good opportunity is available. “We can do it ... We are not averse to acquisition,” UTI AMC Chairman and Managing Director U K Sinha said.
The fund house can actively pursue if some good opportunity come up, he said, adding “we have done in past we can do it even on Thursday if something good comes up.”
In 2004, he said, UTI acquired IL&FS Mutual Fund which resulted in transfer of Asset Under Management over Rs 1,800 crore.The fund house has comfortable liquidity.
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