UTI chief for raising value of shareholders

MUMBAI, FEB 21: The domestic companies were required to have good corporate governance and restructuring both internally and through mergers and acquisitions for better shareholder value, according to the Unit Trust of India (UTI) chairman P S Subramanyam.

Addressing the South Indian Education Society’s College of Commerce and Economics today, he said these measures would also contribute to an upswing in the domestic capital markets.

Subramanyam said the emerging order in the foreign exchange markets aims to prepare for capital account convertibility (CAC), and added that CAC would be the most critical reform measure for the entire economy.