RBI approval is with a caveat that HDFC shall not exceed its holding in the bank beyond the 9.5% limit, an exchange filing said. If HDFC AMC’s aggregate holding falls below 5%, prior approval of RBI will be required to increase it to 5% or more.
Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30
Technology spending is now essential, with Indian IT firms poised for continued growth despite cyclic slowdowns. HDFC Technology Fund adopts a bottom-up approach, balancing industry
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