30th Jan 2008
Mumbai: UTI Asset Management, India's second-largest mutual fund firm, plans to sell a 10-12 per cent stake to an international investor for about $200 million, ahead of its initial public offering, the Economic Times said.
About half a dozen firms including Goldman Sachs, Lehman Brothers, Warburg Pincus, Singapore's GIC and Japan's Shinsei Bank are in the race, the newspaper said on Wednesday. >>>> More
