HDFC MF gets Sebi go-ahead for IPO

HDFC MF gets Sebi go-ahead for IPO thumbnail

The issue will be the second by an Indian mutual fund after Reliance Nippon Asset Management raised Rs 1,540 crore in November. That issue was subscribed 81 times. HDFC AMC is 60% owned by HDFC while Standard Life Investments holds the rest. Both will sell about 5% stake each in the IPO.

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