Housing Improvement Finance Company (HDFC) introduced that the Securities and Change Board of India (SEBI) on 04 August 2022 has granted its in-principle approval for change in command of HDFC Asset Administration Firm, a subsidiary of HDFC, and the asset administration firm of HDFC Mutual Fund, resulting from change in co-sponsor of HDFC Mutual Fund, on account of proposed amalgamation of HDFC with and into HDFC Financial institution.
The Scheme stays topic to varied statutory and regulatory approvals inter alia together with approvals from the Competitors Fee of India, the NCLT and the respective shareholders and collectors of the businesses concerned within the Scheme as could also be required.
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