Business Standard

UTI AMC surges 8% after PPFAS MF buys 1.1 million shares via block deal

PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore.

UTI MF
Premium

UTI MF

SI Reporter Mumbai
Shares of UTI Asset Management Company (AMC) surged 8 per cent to Rs 687.30 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after PPFAS Mutual Fund on Monday bought over 1 million shares in the company via block deal.

PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore. The mutual fund bought shares at price of Rs 636 per share on the NSE, the exchange bulk deal data shows. The names of the sellers were not ascertained immediately.

UTI AMC is promoted by four PSU

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

First Published: Mar 21 2023 | 9:48 AM 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