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
  • The Nyishi tribe of Arunachal Pradesh celebrates the Longte festival, a traditional cultural event showcasing their heritage and customs.

    Read More....
  • Scottie Scheffler clinches victory at the Golf Masters Tournament 2024, securing his first major title in the prestigious event.

    Read More....
  • Avi Wigderson is honored with the 2023 ACM A.M. Turing Award for his groundbreaking contributions to computational complexity theory and its applications in numerous fields.

    Read More....
  • ISRO sets a target to accomplish a debris-free space mission by 2030, aiming to mitigate the risks posed by space debris to satellites and spacecraft.

    Read More....
  • Derek Underwood, England's leading Test wicket-taking spinner, passes away at the age of 78.

    Read More....
  • Nigeria becomes the first country to introduce the new Men5CV/MenFive conjugate vaccine, recommended by the WHO, aiming to protect against five strains of meningococcal bacteria.

    Read More....
  • Singapore declares Lawrence Wong as the incoming Prime Minister, set to assume office on May 15th.

    Read More....
  • Nat Sciver-Brunt has been recognized as Wisden's leading cricketer for the year.

    Read More....
  • BharatPe has appointed Nalin Negi as its CEO.

    Read More....
  • Uttar Pradesh has inaugurated its first glass skywalk bridge in Chitrakoot.

    Read More....