HDFC AMC gets SEBI's final approval for change in control due to merger1 min read 24 May 2023, 06:22 PM IST
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.
HDFC Asset Management Company (AMC) on May 24 announced that it had received the final approval from capital market regulator SEBI for a change in control due to the HDFC-HDFC Bank merger. This is subject to compliance with the applicable provisions of PMS regulations, and circulars thereto, according to a regulatory filing by HDFC AMC to the stock exchanges.
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