HDFC Asset Management Company (HDFC AMC) has received an approval from the Reserve Bank of India (RBI) to acquire aggregate holding of up to 9.5% of the paid-up equity capital or voting rights in Equitas Small Finance Bank (ESFBL).
The aforesaid approval by RBI is subject to compliance with the relevant provisions of Banking Regulation Act, 1949, Master Direction and Guidelines on Acquisition and Holding of shares or Voting Rights in Banking companies dated January 16, 2023 (as amended from time to time), provisions of the Foreign Exchange Management Act,1999, regulations issued by Securities and Exchange Board of India and any other statutes, regulations and guidelines as applicable and is valid for a period of one year from the date of the approval.
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.
