UTI Asset Management
IPO details: The company is planning to launch its IPO by March 2018 and is likely to submit their Draft Red Herring Prospectus (DRHP) in the next three months.
UTI MF will be the first domestic MF company to come up with an IPO.
About the company: SBI, PNB, LIC each hold 18.3 per cent stakes in UTI MF and in this IPO, SBI, PNB and Bank of Baroda are likely to opt for a full exit.
UTI MF has 1.5 lakh crore worth of assests under management.
SBI Life
IPO details: The bank has said that it would offer 80 million shares to the public in its proposed initial public offering.
The insurance regulator has approved SBI Life’s IPO application, seeking to raise Rs 7,000 crore, the largest share sale by…