Perpetual Limited (ASX:PPT) has responded to reports of the rumoured sale of its Corporate Trust business.
The investment company hosed down speculation after the market closed yesterday and said the information is incorrect.
The reports claimed that Perpetual had appointed advisors to sell its corporate trust arm with interest from three Indian outsourcing companies.
In the first half of the 2012 financial year Perpetual reported a net profit of $21.4 million.
