HDFC Asset Management files for IPO, offers up to 25.5 mn shares

India's HDFC Asset Management Company Ltd filed for an initial public offering (IPO) of 25.5 million shares on Wednesday, according to a regulatory filing.

The IPO comprises of an offer of 8.6 million shares by its parent Housing Development Finance Corp Ltd and 16.9 million shares by Standard Life Investments Ltd.

The company had given the nod for initiating its IPO process in November last year.