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Moneycontrol.com >> Messageboard >> Stocks >> SBI >> NSE Announcements on SBI
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NSE Announcements on SBI (1)   09-Nov-09 10:31Track this thread   Tracked by (0)  
Posted by:   MMB Messenger on ( 09-Nov-09 10:31 )
Price : [SBI - BSE:Rs. 2235.10 NSE:Rs. 1049.95 when posted]
State Bank Of India has informed the Exchange that: "State Bank of India has entered into definitive agreement with T. Rowe Price for proposed divestment of 6.5% stake in UTI Asset Management Company and UTI Trustee Company. SBI currently holds 25% share in each of the above Company. Post divestment, SBIs shareholding in each of these Companies will be reduced to 18.5%. The transaction is subject to requisite Statutory and Regulatory approvals".
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