News From Press HDFC earns Rs 787 cr from stake sale in mutual fund arm during Sept qtr

HDFC earns Rs 787 cr from stake sale in mutual fund arm during Sept qtr

Source: PTI/The Economic Times Oct 5, 2018

Mortgage lender HDFC Ltd Wednesday said it earned Rs 787 crore from selling stake in the initial public offer (IPO) of HDFC Asset Management Company Ltd. During the September quarter, the proceeds from the stake sale in the IPO of HDFC Asset Management Company after "net of expenses and tax stood at Rs 787 crore", it said in a filing to the stock exchanges.

According to the filing, income from dividend for the September quarter was Rs 6 crore compared to Rs 537 crore in the correspond ..

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