Mirae Asset Mutual Fund bought 0.018% stake in UTI Asset Management Company on 22 December 2020.
Post acquisition, Mirae Asset Mutual Fund's stake in UTI Asset Management Company has increased to 5.003% stake from 4.984% stake held earlier. The transaction took place in open market. The announcement was made after market hours yesterday, 5 January 2021.
UTI Asset Management Company (UTI AMC) reported 12.4% fall in consolidated net profit to Rs 118.59 crore on 13.8% rise in total income to Rs 287.01 crore in Q2 FY21 over Q2 FY20.
Shares of UTI Asset Management Company fell 1.28% to Rs 544.75. UTI AMC is Investment Manager to UTI Mutual Fund. It has a countrywide network of branches along with a diversified distribution network.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app