The asset manager is yet to resolve the impasse surrounding the payment of pension to its erstwhile employees who had opted for voluntary retirement in 2003
The issue size is expected to be Rs 3,000-4,000 crore, valuing the AMC at Rs 10,000-11,000 crore
Sebi to freeze shareholding if extended deadline not met
Fund house says proposal completely ignores sponsor undertaking and differentiation between secured and unsecured lenders
Besides loan-against-share (LAS) structures seeing a strain, non-banking financial companies (NBFCs) exposed to developer funding pose contagion risks to the markets
Issue taken up at recent board meet of UTI MF