UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 20, 2010

T. Rowe Price Group, Inc.

(Exact name of registrant as specified in its charter)

Maryland		000-32191		52-2264646
(State of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

100 East Pratt Street, Baltimore, Maryland		21202
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (410) 345-2000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Section 8 — Other Events.

Item 8.01. Other Events.

On January 20, 2010, we completed the previously announced acquisition of a 26% stake in UTI Asset Management Company Limited and UTI Trustee Company Pvt. Ltd. for INR 6.5 billion ($142.4 million) from existing stockholders. UTI Asset Management Company had approximately $17.8 billion in average assets under management in December 2009.

A copy of the press release issued about this transaction is attached to this Current Report on Form 8-K as Exhibit 99.

The information in this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Section 9 — Financial Statements and Exhibits.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

	99			Press Release dated January 20, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 20, 2010

Exhibit 99

T. ROWE PRICE COMPLETES ACQUISITION OF STAKE IN UTI ASSET MANAGEMENT COMPANY

BALTIMORE (January 20, 2010) - T. Rowe Price Group (NASDAQ-GS: TROW) closed today on its previously announced transaction to acquire a 26% stake in UTI Asset Management Company Limited and UTI Trustee Company Pvt. Ltd. for INR 6.5 billion (US $142.4 million).

T. Rowe Price acquired a 6.5% stake from each of the original four stockholders - State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India - who will each retain an 18.5% stake in UTI Asset Management Company.

T. Rowe Price was represented in this transaction by ICICI Securities Ltd. in Mumbai, India.

About T. Rowe Price

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (www.troweprice.com) is a global investment management organization with US $366.2 billion in assets as of September 30, 2009. The organization provides a broad array of mutual funds, sub-advisory services, and separate account management for financial intermediaries, individual and institutional investors, and retirement plans. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

About UTI

UTI Asset Management Company, with approximately US $17.8 billion in average assets under management in December 2009, is the fourth largest asset manager in India and the investment manager of UTI Mutual Fund, a SEBI registered mutual fund. UTI serves more than 10 million individual and institutional investor accounts in India through its 74 domestic fixed-income and equity mutual fund strategies.