Tata Asset Management considers buying 45% in UTI AMC
Punjab National Bank (PNB), Life Insurance Corporation (LIC), State Bank of India (SBI) and Bank of Baroda (BOB) together own the stake in UTI AMC. If the deal goes through and Tata AMC and UTI AMC are eventually merged, the combined entity would be the fourth largest asset manager in India - after SBI AMC, ICICI Prudential AMC, and HDFC AMC.