| The deal is likely to be struck at Rs 150-160 crore, the biggest real estate deal in mutual fund industry. It may be noted that UTI Towers at Bandra-Kurla complex, which is now the headquarters of UTI AMC, is owned by SUTI. The entire real estate asset of SUTI is now under UTI Infrastructure Services (UTI ISL). |
| The administrator of SUTI, S B Mathur told Business Standard that it had offered UTI Towers to UTI AMC. "We believe a final decision in this regard will be taken soon. UTI AMC board is now discussing the matter," he said. |
| Sources close to UTI AMC informed that it was expecting a green signal from the finance ministry regarding taking over of UTI Towers by this month-end. Mathur informed that the valuation of the two lakh square feet property would be much more than Rs 100 crore. |
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