Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

SEBI allows abrdn to sell 10.2 per cent equity stake in HDFC AMC
HDFC Asset Management Company Limited has informed in a regulatory filing that SEBI has approved abrdn Investment Management Limited to sell 10.2 per cent shares in the company.
According to the filing, HDFC AMC is in receipt of letter from abrdn Investment Management Limited, one of the promoters holding 10.21 per cent of the paid-up share capital of the Company, intimating their intention to sell the entire stake in the Company.
In addition to this, the selling has to be in compliance with the regulations, which include providing option for a period of 15 calendar days from the date of communication to the unitholders to exit the scheme at the prevailing NAV without exit load, the company said.
Consequent to the proposed stake sale, abrdn Investment Management Limited will cease to be a co-sponsor of HDFC Mutual Fund, it further added.
On Friday, at around 9:35 AM, shares of HDFC AMC was trading higher by 0.88% at Rs1865.20 per share on the BSE.
Related News
SEBI Launches Version Beta of Settlement Calculator
2 mins read. June 3, 2024 at 05:53 AM

NSE Arm NSE Indices Launches India’s First EV Index
3 mins read. May 31, 2024 at 01:14 PM

RBI Bars Edelweiss ARC from Acquiring Financial Asset
2 mins read. May 31, 2024 at 09:33 AM

RBI Launches G-Secs App, PRAVAAH Portal, FinTech Repository
3 mins read. May 31, 2024 at 04:52 AM
Download app
Access BlinkX
everywhere
across device
