Sources involved with the redemption process said that the government and the SUUTI management have already carried out an assessment and have concluded that there was no need, for the time being, to sell family silver to clear the liabilities.
About Rs 8,000 crore becomes due at the end of the month when the Unit Scheme 64 (US-64), UTI's flagship scheme, comes up for renewal, and around Rs 11,000 crore will be required between March and June 2009 to repay the bond-holders.
US-64
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