After HDFC Life, Abrdn has quickly exited out of HDFC AMC too. After continuously reducing stake over the years, Abrdn had 10.2% balance stake left in HDFC AMC It has now sold this through open market transactions and realised Rs 4,079 cr The per share realised price is Rs 1,873 which is similar to the … Read more
Standard Life has sold 5% of HDFC Asset Management Company (HAMC) for Rs 3,061 crore. Key points to note – Standard has been a relentless seller in both HAMC as well as HDFC Life Insurance Company (HLIC). In HLIC, it reduced it’s stake from 29.28% in September 2018 to 3.89% in June 2021, whereas in … Read more
HDFCMF in a filing yesterday evening to the Stock Exchanges, declared that it is providing a liquidity support to its Fixed Maturity Plan (FMP) Schemes that hold Essel Group debt. The support has been capped at Rs 500 crore. Checkout the actual filing made here – 1. At what value Whereas in the filing it’s … Read more