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Corporate News
08-Sep-21
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UTI Asset Management Company to invest Rs 5.93 cr in AMC Repo Clearing
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UTI Asset Management Company has applied for private placement of equity shares of AMC Repo Clearing (ARCL) by paying an application amount of Rs. 5,93,88,000 which will constitute 3.96 % of paid-up equity share capital of ARCL.
ARCL was incorporated on 17 April 2021 and will be engaged in the business of clearing and settlement of transactions in corporate bonds
and to ensure completion and guarantee of settlement and to facilitate, promote, assist, regulate and manage dealings in corporate
bonds, subject to necessary approvals.
ARCL is raising capital to the tune of Rs. 150 crore.
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UTI Asset Management Company allots 17,158 equity shares under ESOS
(
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(
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