SEBI (Securities and Exchange Board of India) has approved the merger of HDFC Asset Management Company Limited with HDFC Bank

SEBI (Securities and Exchange Board of India) has approved the merger of HDFC Asset Management Company Limited with HDFC Bank

Daily Current Affairs   /   SEBI (Securities and Exchange Board of India) has approved the merger of HDFC Asset Management Company Limited with HDFC Bank

Change Language English Hindi

Category : Business and economics Published on: May 29 2023

Share on facebook
  • HDFC Asset Management Company (AMC) announced on 24 May 2023, that it has received final approval from capital markets regulator SEBI for a change in control due to the HDFC-HDFC Bank merger.
  • According to the regulatory information sent by HDFC AMC to the stock exchanges, this depends on the compliance of the applicable provisions of the PMS Regulations and its circulars.
  • This approval will help pave the way for the merger of HDFC into HDFC Bank, expected to be finalised by the third quarter of the next financial year.
Recent Post's
  • US President Donald Trump is set to become the first non-Israeli citizen to receive the "Israel Prize for Peace," following a historic rule amendment in July 2025.

    Read More....
  • India became the world’s fourth-largest economy in 2025, overtaking Japan with a nominal GDP of $4.18 trillion.

    Read More....
  • North Korea test-fired two strategic long-range cruise missiles over the Yellow Sea to demonstrate combat readiness amid regional tensions.

    Read More....
  • The Supreme Court stayed its earlier Aravalli Hills order and set up a new independent expert committee to reassess mining-related environmental impacts.

    Read More....
  • Parvati-Arga Bird Sanctuary in Uttar Pradesh has been declared an Eco-Sensitive Zone to protect wetland biodiversity and migratory birds.

    Read More....
  • Smriti Mandhana became the second Indian woman and fourth player globally to score 10,000 international runs in women’s cricket.

    Read More....
  • India’s chess stars Koneru Humpy and Arjun Erigaisi won bronze at the FIDE World Rapid Chess Championships 2025, showcasing India’s rising global chess strength.

    Read More....
  • India successfully tested the K-4 submarine-launched ballistic missile, boosting its sea-based nuclear deterrence from INS Arighaat.

    Read More....
  • India launches NTRAF to standardise technology readiness assessment and boost market-ready innovations across sectors.

    Read More....
  • Narasapuram lace craft from Andhra Pradesh is recognized as a symbol of women’s empowerment and economic growth, with 60% of artisans being women and awarded GI tag and ‘One District One Product’.

    Read More....