• Most Popular
  • Most Shared
Configure Module above

India's UTI Asset Management readies $500 mln IPO

Thu Jan 10, 2008 11:02pm EST

Stocks

   

(For an India IPO diary and data, click <IN/IPOMENU>)

HONG KONG, Jan 11 (Reuters) - UTI Asset Management, India's second-largest mutual fund firm, has filed a draft prospectus for an initial public offering to raise about US$500 million, according to a term sheet obtained by Reuters.

The company plans to begin a marketing roadshow in early March ahead of a domestic listing scheduled for the first week of April in a deal led by Citigroup (C.N), Enam Securities and JM Financial (JMSH.BO), the term sheet said. (Reporting by Tony Munroe, editing by Ken Wills)



More from Reuters

Photo

GM to wind down Saab, talks with Spyker fail

DETROIT (Reuters) - General Motors Co will wind down operations at Saab, its money-losing Swedish unit, after a last-ditch attempt to sell it to small Dutch luxury carmaker Spyker Cars failed, the automaker said on Friday.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review