Shares of HDFC Asset Management Company (AMC) were up 3 per cent at Rs 2,289.90 on the BSE in Wednesday’s intra-day after the company informed the stock exchanges that its promoter, abrdn Investment Management, will sell its entire 10.2 per cent stake in the company. The stock quoted at its highest level since April 2022.
“The company is in receipt of letter from abrdn Investment Management, 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 subject to applicable regulatory provisions,” HDFC AMC said. READ MORE
Consequent to the proposed stake sale, abrdn Investment Management Limited will cease to be a co-sponsor of HDFC Mutual Fund under SEBI (Mutual Funds) Regulations, 1996, HDFC AMC added.
abrdn Investment Management is to place up to 21.12 million shares (i.e. 9.9 per cent) with a single buyer with the rest being sold separately, subject to feasibility.
In August, abrdn had divested 5.58 per cent stake in HDFC AMC for over Rs 2,300 crore through an open market transaction.
Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))
all the time i used to read smaller content which as well clear their motive,
and that is also happening with this piece of writing which I am reading
at this time.
You made some decent points there. I checked on the web for additional information about the issue and found most individuals will go
along with your views on this web site.
ข้อมูลชุดนี้ อ่านแล้วเข้าใจง่าย ครับ
ดิฉัน ไปอ่านเพิ่มเติมเกี่ยวกับ ข้อมูลเพิ่มเติม
ที่คุณสามารถดูได้ที่ Norine
น่าจะถูกใจใครหลายคน
เพราะอธิบายไว้ละเอียด
ขอบคุณที่แชร์ บทความคุณภาพ
นี้
จะรอติดตามเนื้อหาใหม่ๆ ต่อไป
My relatives always say that I am wasting my time here at web, however
I know I am getting experience all the time by reading such good articles or reviews.