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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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