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Shares of HDFC Asset Management Company (AMC) dipped 7 per cent to Rs 2,871 on the BSE in Wednesday’s intra-day trade after 5 per cent equity of the company changed hands on the counter via block deals.
At 09:15 am, around 11.06 million equity shares, representing 5.19 per cent of HDFC AMC's equity, changed hands on the counter on the BSE at a price of Rs 2,878 per share, exchange data shows. The names of the buyers and sellers could not be ascertained immediately.
However, according to a Bloomberg report, HDFC Asset Management Company’s promoter Standard Life Investment
At 09:15 am, around 11.06 million equity shares, representing 5.19 per cent of HDFC AMC's equity, changed hands on the counter on the BSE at a price of Rs 2,878 per share, exchange data shows. The names of the buyers and sellers could not be ascertained immediately.
However, according to a Bloomberg report, HDFC Asset Management Company’s promoter Standard Life Investment
