Item 8.01. Other Events.
On November 9, 2009, we issued a press release announcing that we entered into
definitive agreements on November 7, 2009 to acquire a 26% stake in UTI Asset
Management Company Limited and UTI Trustee Company Pvt. Ltd. for INR 6.5 billion
(approximately $138 million based on current exchange rates) from existing
stockholders. UTI Asset Management Company had approximately US $17.2 billion in
average assets under management in October 2009. The transaction is subject to
receipt of requisite regulatory approvals and is expected to close in the fourth
quarter of 2009.
A copy of the press release issued discussing 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 November 9, 2009.