UTI imbroglio: T Rowe Price settles out of court, withdraws petition from Bombay HC

T Rowe Price, which is the single largest shareholder with 26 percent stake in UTI Asset Management Company, had earlier this month moved the High Court seeking implementation of rules and regulations of the Securities and Exchange Board of India and extend the term of UTI#39;s chief executive Leo Puri for another year to see the IPO through.

from Moneycontrol Business News https://ift.tt/2LJ7gwg