MENU

Published on 15/03/2018 2:18:00 PM | Source: Reuters

HDFC Asset Management Company files for IPO

Posted in Top Stories| #IPO #NBFC

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

 India's HDFC Asset Management Company Ltd filed for an initial public offering (IPO) of 25.5 million shares on Wednesday, according to a regulatory filing.

The IPO comprises of an offer of 8.6 million shares by its parent Housing Development Finance Corp Ltd and 16.9 million shares by Standard Life Investments Ltd. http://bit.ly/2FQbcMP

The company had given the nod for initiating its IPO process in November last year.

(Reporting By Arnab Paul in Bengaluru; Editing by Gopakumar Warrier)