hdfc amc – The News Desk

The Reserve Bank of India (RBI) has approved HDFC Asset Management Company (HDFC AMC) acquiring a 9.5 per cent stake each in DCB Bank, Karur Vysya Bank, Federal Bank and Equitas Small Finance Bank. “Pursuant to Regulation 30 and other applicable clauses of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Bank has received an intimation from RBI on September 20, 2023, regarding the approval granted to M/s. HDFC Asset Management Company Limited (“HDFC”) to acquire “aggregate holding” of up to 9.5% of the paid-up equity capital or voting rights in ESFBL,” said the small finance bank in an exchange filing on Thursday, Separately, an exchange statement by DCB Bank late Wednesday said: “AMC has been advised by th...

BENGALURU: Indian blue-chip shares reversed earlier gains to finish lower on Thursday, dragged by financials and autos, in contrast to the rally in its Asian peers on hopes that the Federal Reserve would stop raising interest rates.The Nifty 50 index closed 0.60% down at 19,659.90, while the S&P BSE Sensex lost 0.66% to 66,266.82.The indexes had mirrored the rise in their Asian peers earlier in the session after the Fed delivered what some expect to be its last rate hike this year.However, while the more internationally exposed Indian blue-chip shares gave up those gains the domestically focused mid-caps finished 0.27% higher, while the small-caps ended flat."There is a bifurcation in markets. On the one hand, domestic-linked stocks are doing well while export-linked sectors have come...

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RBI allows HDFC AMC’s stake acquisition in DCB Bank, Karur Vysya, 2 others

Indian blue-chip shares reverse to end lower as financials, autos weigh