InvestorQ : Why is SBI selling its stake in UTI AMC?
Juvina Maggie made post

Why is SBI selling its stake in UTI AMC?

Angel dcosta answered.
2 years ago

You are right. SBI is likely to divest its 8.25% stake in the UTI AMC and this may be part of the offer for sale that the company could do to list UTI AMC in the stock market. Other banks like BOB and PNB, which have a stake in UTI AMC, are also likely to follow suit. RBI has asked banks to exit all the non-core businesses. This will not only focus their energies on banking but also help to monetize the hidden assets in their balance sheets more effectively. UTI AMC is likely to be the third AMC to list after HDFC AMC and Nippon AMC. Currently, AMCs are getting solid valuations in the stock markets due to scarcity factor.