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.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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