Street signs: Large AMC IPOs can be delayed, MFs buy Timken India & more

Several high net-worth individuals are said to be lapping up shares of cotton yarn manufacturers amid a spike in yarn prices

Large AMC IPOs can be delayed

There is a strong buzz in the market that a handful of asset management companies (AMCs) are getting ready to launch their IPO. However, if industry chatter is anything to go by, a large fund house has hit the pause button on its listing plans. This fund house has seen its assets grow at a very healthy clip. The thinking within the fund house is that launching an IPO maybe a year later will fetch much better valuations. Also, one joint venture partner isn’t on board on selling any stake at this juncture.

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