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News From Press Don’t expect too many AMCs to come to market to raise money

Don’t expect too many AMCs to come to market to raise money

Source - Economic Times Aug 10, 2018

 

HDFC Asset Management Company, which runs HDFC Mutual Funds, has just had an extremely successful stock listing. On the first day after listing, the stock closed up 65 per cent. While the promoter, HDFC, must be wondering whether it had underpriced the issue and thus left money on the table, the price appreciation does indicate an impressive demand for the stock.

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