Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
UTI Asset Management’s (UTIAMC) shareholders aim to raise around US$300m by reducing their stake via the company’s Indian IPO. UTIAMC is the second largest asset management company (AMC) in India by total AUM and the eight largest by mutual fund quarterly average AUM (QAAUM), as of Jun 2020. Unit Trust of India (UTI) started as a joint initiative of the Government of India and the RBI in 1964. It launched its first scheme in 1964. In Feb 2003, following the repeal of the UTI Act, 1963, UTI w...
UTI Asset Management Company’s (UTI AMC) shareholders aim to raise around US$500m via reducing their stake in the company’s Indian IPO. UTI AMC was the largest asset management company (AMC) in India by total AUM and the seventh largest by mutual fund quarterly average AUM (QAAUM), as of Sep 2019. Unit Trust of India (UTI) started as a joint initiative of the Government of India and the RBI in 1964. It launched its first scheme in 1964. In Feb 2003, following the repeal of the UTI Act, 1...
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