Abrdn Investment Management, one of the promoters, is planning to sell the entire stake in HDFC Asset Management Company (HDFC AMC) subject to applicable regulatory provisions. abrdn Investment Management is holding 10.21% of the paid-up share capital of the Company.
Consequent to the proposed stake sale, abrdn Investment Management will cease to be a co-sponsor of HDFC Mutual Fund under SEBI (Mutual Funds) Regulations, 1996.
HDFC Asset Management Company offers a large suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to its customers.
