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StanChart buys 49% in UTI Sec

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StanChart buys 49% in UTI Sec

STCI and Standard Chartered Plc today signed a deal for Standard Chartered to acquire 49% stake in UTI Securities for Rs 147 crore.<br>STCI currently holds 100% of UTI Securities having acquired it in 2006 from the Administrator of the specified undertaking of the Unit Trust of India.

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