Business Standard

More inquiries for unlisted shares of UTI MF as IPO nod comes through

Listed peers have stood fast despite troubles in the mutual fund space

UTI MF
Premium

The increase in percentage terms though, has been in single-digit since the markets have been volatile.

Sachin P MampattaSamie Modak Mumbai
Dealers in unlisted shares have seen a rise in the number of calls for trades in UTI Asset Management Company. The asset manager has just received regulatory clearance to list on the bourses.

Interest in the stock has picked up in anticipation of the IPO but there is an air of caution because of the current market conditions, said dealers in the unlisted space. A Kolkata-based dealer said the share price has headed north. The hike in percentage terms, though, has been in single digits as the markets have been volatile. Firms have been cautious about proceeding with their IPOs due

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 23 2020 | 8:08 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com