SBI to sell stake in UTI to T. Rowe Price
MUMBAI (Reuters) - State Bank of India, the country's largest lender, said on Monday it had entered into an agreement with T. Rowe Price to sell a 6.5 percent holding each in UTI Asset Management Company and UTI Trustee Company.
State Bank currently holds 25 percent in each of the companies and after the sale its holding would be reduced to 18.5 percent, it said in a statement.
(Reporting by Janaki Krishnan)
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PLAYBOY SALE
An icon bows to changing times
With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech. Full Article
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