The shares have been divested at Rs 1,935.63 apiece, a reduction from Friday’s closing worth of Rs 1,956.15.
The transaction measurement aggregated to Rs 2,303.4 crore.
Nonetheless, the customer of the share (s) couldn’t be ascertained instantly.
Regardless of the transaction, shares of the asset administration agency rose 11.5 per cent to settle at Rs 2,180.75 on the BSE.
operates as a three way partnership between (HDFC) and BRDN Funding Administration.
BRDN Funding Administration, one of many promoters of AMC, held 16.21 per cent stake within the firm whereas one other promoter HDFC owned 52.59 per cent stake as of June 2022, in accordance with the shareholding sample information with BSE.
In September 2021, BRDN Funding Administration had divested a 5 per cent stake in HDFC AMC by way of the open market transaction.
HDFC AMC had hit the capital markets in 2018 to boost an estimated Rs 2,800 crore by way of the preliminary public providing.