News From Press HDFC AMC said to have priced its IPO lower than market expectation

HDFC AMC said to have priced its IPO lower than market expectation

Source: Livemint Jul 21, 2018

Mumbai: HDFC Asset Management Co. Ltd, which is launching its initial public offering (IPO) on 25 July, has priced its shares at ₹1,095-1,100 apiece, valuing the asset manager at ₹23,319 crore. The country’s second largest asset management company is a joint venture of mortgage lender Housing Development Finance Corp. Ltd (HDFC) and Standard Life Investments Ltd.

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