HDFC board approves HDFC AMC IPO

HDFC board approves HDFC AMC IPO

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The board of directors of HDFC AMC chaired by Deepak Parekh approved initiating the process of an IPO, subject to regulatory approvals.

HDFC and Standard Life Investments Ltd approved the IPO of HDFC AMC by offering shares to the public in ome or more tranches.

Post dilution, the shareholding of HDFC and SLI in HDFC AMC will be atleast 50.01% and 24.99% respectively.