Monday 16 March 2015

Dublin calling! UTI MF to raise US$300 mn in April

The govt has laid out the agenda for the next three years which will undoubtedly bring back the capital investment into the country and create opportunities for foreign investors, said Puri.

UTI Mutual Fund is reportedly gearing to raise $300 million in Dublin in April.

“We are launching offshore equity fund in Dublin to raise $300 million. The approval process is going on and it would likely be launched in April,” Leo Puri, Managing Director of UTI, was quoted as saying by PTI.

“The government has laid out the agenda for the next three years which will undoubtedly bring back the capital investment into the country and create opportunities for foreign investors,” Puri reportedly said.

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