News From Press HDFC AMC files draft papers for IPO with Sebi

HDFC AMC files draft papers for IPO with Sebi

Source: Mint/PTI Mar 16, 2018

HDFC Asset Management Co. on Thursday filed with Sebi its draft papers for an initial public offering (IPO).

The HDFC AMC IPO, if approved by the Securities and Exchange Board of India (Sebi), will offer up to 2.54 crore equity shares of through an offer for sale of 85.92 lakh shares by Housing Development Finance Corp. Ltd (HDFC) and up to 1.68 crore shares by Standard Life Investments Ltd, the company’s draft red herring prospectus (DRHP) said.

HDFC AMC is a joint venture between HDFC and Standard Life Investments. The IPO comprises a net offer to public of up to 2.21 crore equity shares, 3.20 lakh shares for purchase by eligible HDFC AMC employees and 24 lakh shares for eligible HDFC shareholders.

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