What is the cause for the recent disagreement among UTI shareholders?

The five-shareholder arrangement has not worked for UTI thus far. It took more than two years for the AMC to appoint a new chief after UK Sinha left the firm in February 2011

UTI Mutual Fund is once again in the news as its shareholders bicker over its IPO. Ashley Coutinho explains the genesis of the problem and the implications.

What is the cause for the recent disagreement among UTI shareholders?

Despite recent intervention from the government, UTI Asset Management Company’s (AMC) principal sponsors continue to be at loggerheads. LIC has reportedly written to the finance ministry’s divestment wing, the Department of Investment and Public Asset Management (Dipam), stating that the fund house’s initial public offering (IPO) is not likely in the near term and that the AMC’s foreign sponsor, T Rowe Price,