Apex industry associations today welcomed the decision of the Unit Trust of India (UTI) to re-purchase up to 3,000 units of US-64 from all categories of unitholders from August 1, 2001.
Confederation of Indian Industry president Sanjiv Goenka said in a statement issued here today that the step was especially important to restore the confidence of the small investors in view of the fact that the attraction of the scheme depended on instant liquidity that it offered.
