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UTI AMC principal shareholders clash on appointment of new CEO: Reports

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There's trouble brewing for India's oldest fund house UTI AMC which might soon be headless due to a clash between principal shareholders on the choice of the top brass. Process to appoint new MD & CEO at UTI AMC has hit roadblock. Current MD Leo Puri's term will end in August. T. Rowe Price is not giving consent for selection criteria finalized by the UTI board. US-based T. Rowe Price owns 26% stake in UTI AMC. ET NOW's Vijay Iyer shares the exclusive details.

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