UTI defers IPO launch yet again
An IPO announcement was expected from the company around July 22 but there are indications that it has now been deferred, sources added.
UTIAM's IPO was deferred due to volatile stock markets twice earlier.
The other big names who deferred their IPOs include multi commodity exchange MCX India, public sector power giants like National Hydro Power Corporation (NHPC), Rural Electrification Corporation (REC), realty sector majors like DLF and Unitech.
The IPO would have allowed State Bank of India (SBI), Bank of Baroda, Punjab National Bank (PNB) and LIC , the four sponsors put Rs. 1250 crore in the restructuring process of country's first mutual fund to have a partial exit.