CG Power imbroglio: Gautam Thapar cites board approvals; rejects allegations of fund misuse amid governance lapses
Currently, Thapar owns just 8,574 shares in CG Power. Some of its large non-promoter shareholders are HDFC Mutual Fund and Aditya Birla Mutual Fund.
DLF launched its qualified institutional placement (QIP) offering up to 17.3 crore shares to investors
HDFC AMC's net profit jumps 25% to Rs 205.26 crore in June quarter; total revenues rises to Rs 501.15 crore
HDFC AMC is the second-largest fund house in the country in terms of total assets under management after ICICI Prudential Mutual Fund.
HDFC AMC kicks off IPO today; company raises Rs 732 crore from anchor investors at Rs 1,100 per scrip
HDFC AMC, which has a total asset under management of over Rs 3 lakh crore as of March-end, is the country's second largest fund house after ICICI Prudential AMC that has an asset base of Rs 3.06 lakh crore during the same period.
many firms are opting the IPO route to give partial exit to their existing shareholders including private equity and venture capital firms.
Most of the funds that have been raised are for business expansion plans, repayment of loans and to support working capital requirements
At present, there are over 40 mutual fund houses operating in the country
Two out of three mutual fund schemes in India have been outperforming the market. It is probable that they can continue doing so till they grow to a size where they become the market
HDFC Mutual Fund on Monday acquired its smaller rival Morgan Stanley Mutual Fund running a total of eight schemes with assets worth Rs 3,290 crore, in a major consolidation exercise in the highly-dispersed sector. All you need to know about the deal.
MUMBAI (Reuters) - Morgan Stanley ( MS.N ) is selling its Indian mutual fund assets to a joint venture between India's HDFC and Britain's Standard Life ( SL.L ), becoming the latest foreign asset manager to quit India. HDFC Asset Management Company Ltd, India's biggest fund manager in terms of assets, said it will acquire Morgan Stanley Investment Management's eight mutual funds, with a combined 32.9 billion rupees under management, for an undisclosed sum
Big private sector Indian banks including HDFC Bank, Axis Bank and ICICI appear to have been targetted in a sting operation with the purported objective of discovering money laundering.