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Deepak Shenoy says UTI AMC IPO not a bad deal, but……

Updated : September 28, 2020 12:32 PM IST

At 25 times earnings, UTI AMC’s initial public offering does not seem like a bad deal, Deepak Shenoy of Capital Mind said in an interview to CNBC-TV18. At the same time, he pointed out that there was a relative inefficiency in UTI AMC’s operations, which needed fixing. He said UTI’s income was understated because of employee stock options, but that would wear off.

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