HDFC Asset Management Company Limited (HDFCAMC.NS)
NSE - NSE Real-time price. Currency in INR
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- Investing.com
RBI approves HDFC AMC's acquisition of up to 9.5% stake in Karur Vysya and DCB Banks
The Reserve Bank of India (RBI) has given its approval to HDFC Asset Management Company (HDFC AMC) for the acquisition of up to 9.5% stake in both DCB Bank and Karur Vysya Bank. This approval, granted on September 20, 2023, remains valid for one year from the date of approval, as stated by both lenders in their BSE filings.
- Investing.com
RBI greenlights HDFC AMC's acquisition of up to 9.5% stake in Karur Vysya Bank and DCB Bank
The Reserve Bank of India (RBI) granted approval to HDFC Asset Management Company (HDFC AMC) on Wednesday, September 20, 2023, allowing the firm to acquire up to 9.5% stake each in Karur Vysya Bank and DCB Bank. The news led to a surge in the shares of both banks on Thursday, with Karur Vysya Bank shares climbing 2.6% and DCB Bank shares rising as much as 4.4%. Conversely, shares of HDFC AMC declined by as much as 1.4%.
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