India Asset Manager Picks Citi, ICICI for IPO
A man with an umbrella walks into the Unit Trust of India (UTI) tower in Mumbai, India, on Friday, Aug. 20, 2010. “The demand growth in cement could surprise us,” said Swati Kulkarni, whose UTI Dividend Yield Fund tripled the return of the benchmark Bombay Stock Exchange’s Sensitive Index. “I am turning optimistic. The shares may not perform immediately, it might take two-three quarters, but you have to position your funds now.” Photographer: Adeel Halim/Bloomberg 

India Asset Manager Picks Citi, ICICI for IPO

(Bloomberg) -- Citigroup Inc. and ICICI Securities Ltd. are among banks selected for UTI Asset Management Co.’s planned initial public offering in Mumbai, according to people familiar with the matt...
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