India’s Oldest Fund to Boost IPO Flow as Holders Exit
A man with an umbrella walks into the Unit Trust of India (UTI) tower in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)

India’s Oldest Fund to Boost IPO Flow as Holders Exit

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(Bloomberg) -- UTI Asset Management Co., India’s oldest mutual fund, is set to go public next year after some of its shareholders came under regulatory pressure to cut stakes.
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