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Tuesday, September 19, 2000

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Rowe Price stake in Global Tele goes up to 8.7 pc

Our Bureau

MUMBAI, Sept. 18

THE shareholding of T. Rowe Price Associates Inc in Global Telesystems has gone up to approximately 8.79 per cent of the paid-up equity share capital.

Global Tele-systems today formally informed the Bombay Stock Exchange that it had received a copy of Rowe Price Associate's letter to SEBI to this effect.

The increase in shareholding was due to the acquisition of shares in Global Telesystems by T.Rowe Price Associates Inc on behalf of itself and its subsidiaries on September 4.

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