UTI Mastershare declares 35% dividend

UTI Mastershare Unit Scheme, country's first open-ended equity mutual fund has declared tax-free dividend of 35 per cent (Rs 3.50 per unit on face value of Rs 10) under dividend option-existing plan and dividend option-direct plan.

The record date for the dividend is October 16, a company statement said.

The NAV of the scheme, which is a large-cap focused fund, on October 10 under dividend option-existing plan was Rs 34.9446 and under dividend option-direct plan was Rs 35.9274.

This scheme is having a corpus of Rs 4,516 crore and 5.40 lakh investor accounts as on end-September.

***************************

Precision Camshafts acquires MEMCO Engineering Mumbai: Global auto ancillary major Precision Camshafts Ltd (PCL) today announced its maiden acquisition with the taking over of precision component maker Nashik-based MEMCO Engineering Pvt Ltd (MEMCO) for an undisclosed sum.

"We have acquired MEMCO Engineering. This synergy will help us further strengthen our industry leadership and diversify into a new product range," PCL chairman and managing director Yatin Shah said in a statement here.

*****************************

Sanctum Wealth Management partners with Equanimity Investments Mumbai: Sanctum Wealth Management today announced its partnership with Equanimity Investments, a venture capital fund, to help clients diversify their portfolios by investing in early stage start-ups.

This association will help Sanctum Wealth strengthen its product proposition, leveraging the on-going growth in India's robust start-up industry, a statement issued here said.

**************************************** Vodafone partners Yupp TV for its Vodafone Play Mumbai: Telecom operator Vodafone India has partnered with internet-based TV and on-demand service provider Yupp TV to stream the content on its Vodafone Play service.

YuppTV's prowess in the regional content will enable Vodafone Play to strengthen its content offering, while YuppTV intends to reach out to Vodafone's wide customer base across the country.

Yupp TV has close to over 250 live TV channels in 14 national and regional languages.

***************

Gozoop wins digital mandate for HRX

Mumbai: Integrated communication agency Gozoop today said it has bagged the digital mandate for Hrithik Roshan's HRX brand.

The mandate includes social media strategy, content marketing and creative strategy across digital platforms.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)