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  • News From Press SBI & LIC want T Rowe Price to cut stake in UTI AMC

    SBI & LIC want T Rowe Price to cut stake in UTI AMC

    Source : Economic Times Aug 11, 2018

    Two domestic shareholders of UTI Asset Management Co. (AMC) — State Bank of IndiaNSE -4.08 % (SBI) and Life Insurance Corporation (LIC) — have told the market regulator and the disinvestment department that the rule requiring them to reduce their stake by March and give up board seats as a result should be applied to overseas investor T Rowe Price as well, said people with knowledge of the matter 

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