VC Circle logo VC Circle 3 weeks ago

It's A Deal; T Rowe Price To Pay Rs 700 Cr For 26% In UTI AMC: Report

The four PSU sponsors of UTI AMC will be left with 18.5% stake in the company post the transaction. US hedge fund T Rowe Price has reportedly acquired 26% stake in UTI Asset Management Company. Full Article at VC Circle

Related Topics:

  1. T. Rowe Price Group, Inc.
  2. James Kennedy (politician)
  3. Morningstar, Inc.

Related Articles

  1. Indian Express logo
    T Rowe Price buys 26 pc in UTIMF for Rs 650 crore
    3 weeks ago

    Investment giant T Rowe Price group has acquired a 26 per cent stake in UTI Asset Management Company Limited (UTI AMC/ UTIMF) and UTI Trustee Company Pvt Ltd for Rs 650 crore (around $138 million). Full Article at Indian Express

  2. livemint.com logo
    T Rowe Price stake purchase in UTI AMC is value for money
    3 weeks ago

    But it is important to note that T Rowe has been talking to UTI’s selling shareholders—a cluster of public sector banks—for about a year now. Full Article at livemint.com

  3. T. Rowe Price to Acquire Stake in UTI Asset Management Company
    3 weeks ago

    BALTIMORE, Nov. 9 /PRNewswire-FirstCall/ -- T. Rowe Price Group (Nasdaq: TROW) today announced that it has entered into definitive agreements to acquire a 26% stake in UTI Asset Management Company Limited and UTI Trustee Company Pvt. Full Article at Street Insider

  4. Wall Street Journal logo
    T Rowe Price Buying Stake in UTI Asset Management
    3 weeks ago

    By Shikhar Balwani and Gurdev Singh Virk MUMBAI -- Three of UTI Asset Management Co.'s sponsors said Monday they have agreed to sell part of their stakes in India's oldest fund house and its trustee company to U.S.-based investment manager T. Rowe... Full Article at Wall Street Journal

View all Related Articles »

Related Quotes

  1. For UTI as an asset management company, they stand to gain a lot from the T. Rowe expertise
    SOURCE: VC Circle 2 months ago
  2. I think it's a good deal for the buyer, not for the seller ... 3.5 percent, getting retail asset, I think it's a good proposition for T. Rowe.
    SOURCE: VC Circle 2 months ago
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  1. NEW YORK - DECEMBER 03: Actress Drew Barrymore (wearing Emilio Pucci) attends the Tribeca Film Institute's benefit screening of 'Everybody's Fine' at AMC Lincoln Square on December 3, 2009 in New York City.
  2. HONG KONG - DECEMBER 01: Hong Kong model Balia Chan attends the premiere of 'Coco Chanel & Igor Stravinsky' during the 38th Hong Kong French Film Festival at Pacific Place AMC Cinema on December 1, 2009 in Hong Kong, China.
  3. NEW YORK - NOVEMBER 15: Actress Robin Wright Penn attends The Cinema Society & A Diamond is Forever screening of 'The Private Lives of Pippa Lee' at AMC Loews 19th Street on November 15, 2009 in New York City.
  4. NEW YORK - NOVEMBER 13: Directors John Hoffman and Michael Aminette attend the 'Turning Green' premiere at the AMC Empire 42nd Street on November 13, 2009 in New York City.
  5. NEW YORK - NOVEMBER 04: Actors Cameron Diaz and James Marsden attend 'The Box' New York premiere at the AMC Lincoln Square on November 4, 2009 in New York City.
  6. Actor Woody Harrelson poses with zombies at a special screening of the film 'Zombieland' at the AMC Empire Theater on Wednesday, Sept. 30, 2009 in New York.
  7. SRINAGAR, KASHMIR, INDIA - DECEMBER 06: Indian Border Security Force (BSF) soldiers are silhouetted against the sky as they take an oath during their passing out parade on December 06, 2009 in Humhama, on the outskirts of Srinagar, the summer capital of Indian administered Kashmir State, India. 6...
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Cast of Characters

  1. T. Rowe Price Group, Inc. T. Rowe Price Group, Inc.
  2. James Kennedy (politician)
  3. Morningstar, Inc.
  4. Priyanka Chopra Priyanka Chopra
  5. Shahid Kapoor Shahid Kapoor