The search for a successor for UK Sinha at UTI AMC has got messy with the finance ministry backing Jitesh Khosla as the CEO of India’s fourth largest mutual fund while a three-member board-appointed HR sub-committee has submitted a shortlist that has two different names. If the finance ministry insists on its choice, the stage is set for a boardroom battle since the new chairperson has to be unanimously cleared by all shareholders of UTI AMC.

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