The
much-awaited initial public offering (IPO) of UTI Asset Management Company
(AMC) is facing a delay in obtaining approval from markets regulator Securities
and Exchange Board of India (SEBI), even after six months of filing its offer
document.
People in
the known said Sebi has reservations over certain compliance issues. These
include appointment of the permanent chief executive officer (CEO) and alleged
violation of overseas investment norms by the fund house involving its
Mauritius entity.
Sandip Ginodia , Director
ALTIUS INVESTECH PVT LTD
We deal in over 60 unlisted companies with 15 years of experience .
For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .
Email : ginodiasandip1@gmail.com
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