HDFC in focus as IPO of AMC arm IPO opens

 

Shares of HDFC will remain in focus, as the initial public offering of HDFC Asset Management Company will open for subscription on July 25. The public issue comprises an offer-for-sale of up to 85,92,970 equity shares by Housing Development Finance Corporation and up to 1,68,64,585 equity shares by Standard Life Investments. The AMC is a joint venture between HDFC and Standard Life Investment. Shares of Reliance Nippon Life Asset Management will also remain in focus.

Published on July 24, 2018

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