HONG KONG: UTI Asset Management, India's second-largest mutual fund firm, has filed a draft prospectus for an initial public offering to raise about $500 million, according to a term sheet obtained by media.
The company plans to begin a marketing roadshow in early March ahead of a domestic listing scheduled for the first week of April in a deal led by Citigroup, Enam Securities and JM Financial, the term sheet said.
The company plans to begin a marketing roadshow in early March ahead of a domestic listing scheduled for the first week of April in a deal led by Citigroup, Enam Securities and JM Financial, the term sheet said.
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