M Damodaran, chairman of the Unit Trust of India (UTI), is slated to take over as the CEO of the newly formed UTI-II, which will have a non-executive chairman, to be appointed by the finance ministry.
The decision to appoint Damodaran as CEO has been finalised after a series of discussions between the new sponsors and the government. A formal announcement on this is expected on Wednesday.
Damodaran is also likely to be appointed the administrator for UTI-I. The four sponsors
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