Shareholders of UTI Asset Management Company (AMC), have decided to sell part of their holdings to the public through a share sale. An initial public offering (IPO) is expected in the next six months as talks with investment bankers are in the final phase, according to people aware of the development. The move comes after the Securities and Exchange Board of India (Sebi) directed the fund house to comply with crossholding rules. UTI AMC, promoted by four domestic shareholders including Life Insurance Corporation of India (LIC), is expected to get valued at INR 120,000 million to INR 130,000 million. The IPO size will be in the range of INR 25,000 million to INR 30,000 million, said one of the persons.