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.
Neil Anderson, Managing Editor
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