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
  • Indian-American musician and entrepreneur Chandrika Tandon has won a Grammy Award for her album "Shanti - A Journey of Peace".

    Read More....
  • Shri H Shankar has taken charge as the Managing Director of Chennai Petroleum Corporation Ltd.

    Read More....
  • Prime Minister launches Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 low crop productivity districts.

    Read More....
  • Canada imposes a 25% tariff on U.S. imports in retaliation to Trump's tariffs.

    Read More....
  • Benjamin Netanyahu appoints Major General Eyal Zamir as the new head of the Israeli Defense Forces.

    Read More....
  • India and Oman agree to amend the Double Taxation Avoidance Agreement to enhance bilateral cooperation.

    Read More....
  • New Zealand's Mount Taranaki has been granted legal personhood, recognizing it as a living entity with rights and responsibilities.

    Read More....
  • The Government of India has appointed Abhinav Gupta as the Additional Director General of the Directorate General of Foreign Trade (DGFT).

    Read More....
  • Former Chief Election Commissioner Navin Chawla Dies At 79.

    Read More....
  • All India Radio and the Ministry of Culture launched the classical music series 'Har Kanth Mein Bharat' to celebrate India's rich musical heritage.

    Read More....