Government looking to list UTI AMC, to seek nod from Arun Jaitley in a month: Sources

MUMBAI: The government is planning to list UTI AMC, Finance Ministry sources told ET Now.

The government is likely to seek a formal nod from Finance Minister Arun Jaitley on the matter within a month.

The stake sale will be in order to adhere to SEBI's minimum shareholding norm. However, no timeline is set for listing of UTI AMC.

SBI, BoB, PNB and LIC currently hold 74 per cent in UTI AMC. US-based investment firm T Rowe Price holds remaining 26 per cent.

In 2008, UTI AMC had deferred IPO plans due to poor market conditions.