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Moneycontrol.com >> Messageboard >> Stocks >> Bank of Baroda >> NSE Announcements on Bank of Baroda
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NSE Announcements on Bank of Baroda (1)   09-Nov-09 10:31Track this thread   Tracked by (0)  
Posted by:   MMB Messenger on ( 09-Nov-09 10:31 )
Price : [Bank of Baroda - BSE:Rs. 527.00 NSE:Rs. 232.35 when posted]
Bank Of Baroda has informed the Exchange vide its letter dated November 07, 2009, that: "Bank of Baroda has today entered into definitive agreement with T. Rowe Price for proposed divestment of 6.50% stake in UTI Asset Management Company and UTI Trustee Company. Bank of Baroda currently holds 25% share in each of the above Companies. Post divestment, shareholding of Bank of Baroda in each of these Companies will be reduced to 18.50%. The transaction is subject to requisite Statutory and Regulatory approvals".
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