New Delhi, Aug 22: Unit Trust of India was allotted the maximum number of shares in the recent Initial Public Offering of Maruti Udyog, Rajya Sabha was informed. In a written reply to a query on the criteria followed for determining the price for the MUL offering and who had been allotted the maximum shares, Disinvestment Minister Arun Shourie said "UTI was allotted the maximum number of shares."
Shourie said the book runners had recommended an offer price of Rs 125 per share, which was accepted by the government, while the cut off price based on the recommendations was pegged at Rs 115 per share.
About 7.95 crore shares of Rs five each aggregating 27.5 per cent equity of MUL were sold by the government in the domestic capital market. Bureau Report