 "HDFC MF board gives nod for IPO")
HDFC Asset Management Company (commonly referred to as HDFC MF) could soon become the second asset manager to go public. The country’s second-largest mutual fund on Thursday got its board’s approval to initiate the process to go public. HDFC MF is backed by the country’s largest mortgage lender Housing Development Finance Corporation, and global investment firm Standard Life.
The board has “approved initiating the process for an initial public offering (IPO), subject to relevant corporate, regulatory, and other approvals as applicable/required,” the fund house said in a statement.
The fund house said major shareholders HDFC and Standard Life, too, have given the
