UTI AMC denies stake sale reports to Tata Group, stock price declines 5% - what should investors know
Several media reports claimed that the Tata Group promoted Tata AMC is mulling buying a significant stake in UTI AMC from four state-owned financial entities. As a result, UTI AMC share price on Tuesday jumped around 14 per cent.
The mutual fund company in its reply to exchanges said, “Not aware of any such negotiations/events.”: Official Youtube