Tata Sons and Tata Investment Corporation are two Tata Group entities that own 68 per cent and 32 per cent, respectively, in Tata AMC.
UTI AMC, which was listed in October 2020, commanded a market capitalisation of Rs 9,791 crore on Friday. At current price, Tata Group will be required to pay nearly Rs 4,400 crore to buy a 45 per cent stake in UTI AMC and another Rs 2,500 crore for the 26 per cent mandatory open offer.
UTI AMC has no promoters but has sponsors such as LIC, PNB, SBI and BOB. T Rowe Price Group held a 22.97 per cent stake on September 30 through T Rowe Price International.
In FY22, UTI AMC posted a net profit of Rs 534 crore on revenue of Rs 1,319 crore, whereas, Tata AMC posted revenue of Rs 342 crore and net profit of Rs 103 crore.