Bank of Baroda has informed BSE that the Bank on November 07, 2009 has 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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