On Monday, PPFAS Mutual Fund acquired a stake in UTI Asset Management Company through a block transaction. traded more than 714 crores.
According to the block trade, PPFAS Mutual Fund purchased 11,22,643 equity shares at a cost of 636 per share from UTI AMC on the NSE, totaling 714,000,948.
UTI AMC shares decreased 1.81% on Monday to settle at Rs. 636.05 on the BSE. The market value of the business is about 8,095.14 crores.
On the other hand, Sahasratra Advisers Pvt Ltd and Topgain Finance Pvt Ltd, two entities in Future Consumer, sold a block of shares in the business.