Ed Bernard on T Rowe Price's investment in India's UTI

Subscriber Content Preview.
Subscribe now for full access or call us now on +852 2122 5222.

Ed Bernard, vice-chairman of T Rowe Price, discusses the Baltimore firm's investment in Indian asset management company Unit Trust of India.

In January, Baltimore-based asset manager T Rowe Price acquired a 26% stake in India's largest fund manager, Unit Trust of India, for Rs6.5 billion ($142.4 million). The acquisition was achieved via a sell-down of 6.5% by each of UTI's four original shareholders, State Bank of India, Punjab National Bank, Bank of Baroda and the Life Insurance Corporation of India.

We talk to Edward Bernard about the deal. Bernard is ...

To continue reading this article, subscribe now or call us now on +852 2122 5222.
You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.

Log in below or buy a subscription to enjoy unlimited access to FinanceAsia.com's quickly growing 13,000 article database.
 
 
 
Polls
In which market is it hardest to hire finance professionals?


   |   View results
Hong Kong
  13%
 
Shanghai
  65%
 
Singapore
  22%
TOTAL VOTES: 115

 
Magazine
FinanceAsia Magazine
FinanceAsia
March 2010