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UTI Asset Management - T. Rowe Price JV

US$138.00 m
  • Entry date - Thursday, 7 January 2010
  • Jurisdiction - India
  • Practice - M&A
  • TRP to acquire a 26%stake in UTI Asset Management Co. its UTI Trustee Company

  • Firm
    Amarchand & Mangaldas
  • Client
    UTI Asset Management Company
  • Lead Lawyers
    SH Bhojani
  • Role
    Indian counsel
  • Firm
    Dave Girish and Associates
  • Client
    Joint sponsors
  • Lead Lawyers
  • Role
    Indian counsel
  • Firm
    Freshfields
  • Client
    TRP
  • Lead Lawyers
  • Role
    Int Counsel
  • Firm
    Platinum Partners
  • Client
    TRP
  • Lead Lawyers
  • Role
    Indian counsel


DEAL SUMMARY

  • Joint Venture between UTI Asset Management Company and T. Rowe PriceĀ - investment in mutual fund business of UTI, through acquisition of shares

  • TRP to acquire a 26%stake in UTI Asset Management Co. its UTI Trustee Company

  • Closing pending regulatory approvals as of Nov 09



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