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Rating:T. Rowe Buys Into the Sub-Continent Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 01, 2009

T. Rowe Buys Into the Sub-Continent

News summary by MFWire's editors

T. Rowe Price is trying its luck in India. Reuters reports that the asset manager is shelling out between $125 million and $135 million for a 26 percent stake in the oldest mutual fund firm in India, UTI Asset Management.

The move may not surprise fundsters. On December 30 the Wall Street Journal reported that T. Rowe was one of the bidders for just such a stake in UTI. 

Edited by: Neil Anderson, Managing Editor


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