News From Press SBI MF schemes buy 2.2% stake worth Rs 757 cr in HDFC AMC in open market

SBI MF schemes buy 2.2% stake worth Rs 757 cr in HDFC AMC in open market

Source: Business Standard Mar 21, 2023

SBI Mutual Fund bought a 2.2 per cent stake in HDFC AMC worth Rs 757 crore in open market transactions on Monday, as GQG Partners sold off 1.16 per cent stake (worth Rs 396.8 crore) in the asset management company, shows bulk deal data available with the exchanges.

The sellers of the rest of the shares is unknown.

Click here to read

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

India will be superpower by 2047, but not high-income economy: Martin Wolf

Premium holiday & premium delay riders: Prevent your policy from lapsing with two add-ons

High-flying PSU mutual funds lose 3% in one month. What should investors do?

Largecap, midcap threshold rises around 25% amid stock market rally

7 best practices to keep your money safe from fraudsters

How can debt PMS fit in your investment portfolio?

Budget 2024: Will the indexation benefit on debt mutual fund be back?

Staggered bets in multi-asset MFs look apt amid bullish sentiment

India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report

Simplify investing: Allocate bulk of core portfolio to broad index fund

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS