HDFC acquires 10 pc stake in HDFC AMC
New
Delhi,
Oct
16
2007:
The
second
largest
private
sector
lender
in
India,
the
housing
development
Finance
Corporation
or
HDFC
has
acquired
an
additional
10
per
cent
stake
in
HDFC
asset
management
company
AMC.
HDFC
AMC
is
the
investment
manager
to
HDFC
mutual.
It is also the third largest private sector mutual fund with equity assets constituting around 44 per cent of the total funds under management and also provides portfolio management and advisory services to domestic and offshore clients with funds under management.
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Story first published: Friday, October 19, 2007, 19:00 [IST]