Financial Daily
from THE HINDU group of publications
Thursday, July 12, 2001
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Financial Daily from THE HINDU group of publications Thursday, July 12, 2001 |
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Hard work at UTI
MUMBAI: The employees and trustees are working overtime at Unit Trust of India (UTI). The urgency is to prepare a workable solution (for US-64 investors) by the end of the week which is satisfactory to the investors as well as the Ministry of Finance (Mo
F).
The board of trustees of UTI met on Wednesday ``for the third time'' in as many days, to discuss the alternatives prepared by the UTI management team. The board also considered proposals by the four-member consultative group of outside experts formed on
Tuesday. ``The board requested the group memebrs to further deliberate on some of the alternatives, which is being done,'' UTI stated in a written statement. _ Our Bureau
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