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Home > Business > PTI > Report

UTI plans to put properties on block

May 23, 2003 17:18 IST

Unit Trust of India is planning to sell off some of its properties in south Mumbai including the erstwhile headquarter building after it shifted corporate office to the Bandra-Kurla complex.

UTI-I, a government-owned entity which manages US-64 and assured income schemes, would sell the corporate headquarter building with 39,175 square feet area at Marine lines and some office space in adjoining buildings, UTI Mutual Fund sources said on Friday.    

The valuation of the establishments is complete and the organsation has sought bids from the interested parties, they said.

However, it would not pay any brokerage for the transaction, they added.



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