Indian Stock Market

Indian Bank is planning to revive its mutual fund arm, In Fund Management, to participate in the over Rs 6,00,000 crore market.
“We are in the process of reviving the asset management business, the licence for which was surrendered to Sebi a few years ago,” Indian Bank chairman and managing director MS Sundara Rajan said.
Besides the [...]

UTI Mutual Fund ( UTI MF ) IPO : UTI Mutual Fund Pre IPO Placement
UTI Mutual Fund intends to sell 20 percent of its equity through private placements ahead of its planned initial public offering.
“We plan to offload 20 percent through private placement that will be carried out by expanding the equity base,” ” No [...]