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UTI AMC to divest 26 pc stake; open to acquisition

UTI Asset Management Company said on Saturday that it would divest 26 per cent stake to a strategic partner in the next three months but is open to acquisition of domestic fund house. “There are three shortlisted parties interested in taking stake and we hope to finalise this in the next three months,” UTI AMC Chairman and Managing Director U K Sinha said here. Sinha declined to name the shortlisted bidders, but said the AMC would induct those that offered UTI a greater global footprint. […]

GM Rao could bid for Liverpool

The billionaire owners of an Indian Premier League (IPL) cricket team have held talks about buying into Liverpool, according to reports. Representatives of the GMR group, who run the Delhi Daredevils team, were guests at Anfield for Tuesday's 4-4 thriller with Arsenal. GMR chairman Grandhi Mallikarjun Rao is worth an estimated £4.2billion and the senior official he sent to Liverpool in midweek is thought to be a Reds fan. […]