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Friday, Aug 25, 2006

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FIIs can buy up to 49 pc in UTI Bank

Our Bureau

Mumbai, Aug. 24

Foreign institutional investors can now purchase equity shares of UTI Bank Ltd, under Portfolio Investment Scheme, through primary markets and stock exchanges in India up to 49 per cent of its paid-up capital. The bank's board of directors has passed a resolution to this effect, said a release from the RBI.

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