PNB share jumps 8% on nod to sell stake in UTI AMC
Shares of Punjab National Bank hit a 52-week high after the government approved the divestment of its entire stake in UTI Asset Management Company.
Shares of Punjab National Bank hit a 52-week high after the government approved the divestment of its entire stake in UTI Asset Management Company.
The third IPO from India’s mutual fund industry is worth ₹2,160 crore.
UTI AMC files DRHP with SEBI to list shares on stock exchanges. State Bank of India, LIC, Bank of Baroda, Punjab National Bank, and T. Rowe Price are set to reduce their stake via an offer for sale.