UTI MF to initiate selection of bankers for IPO

AMC has already conducted a study to gauge whether the IPO can be executed successfully or not

UTI AMC may soon hold a formal pitch to decide on the bankers that will handle its initial public offering (IPO).
 
“There have been informal talks, and a formal pitch to select bankers may follow soon,” said a person familiar with the matter. The AMC has already conducted a feasibility study to gauge whether the IPO can be executed successfully or not.
 
The IPO was also a topic of discussion at UTI's recently held board meeting. “The board has once again affirmed its support for UTI to be a listed entity and the AMC is seeking the necessary