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T Rowe Price to pay Rs 652 cr for 26% of UTI

PUBLISHED ON: November 9, 2009 | Duration: 2 min, 18 sec

  
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On Monday, India's oldest mutual fund firm UTI and US based fund management firm T Rowe Price entered into definitive agreement to acquire a 26 per cent stake in UTI Asset Management Company Limited and UTI Trustee Company Pvt Ltd, for Rs 652 crore.
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