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Retail portion of Rs 2,800-cr OFS in HDFC AMC offer subscribed 82%

The share sale however, has sailed through as institutional investor portion was oversubscribed

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On Wednesday, institutional investors bid for 14.1 million shares as against a total of 12 million shares on offer

Sundar Sethuraman Mumbai
The retail portion of the Rs 2,800-crore offer for sale (OFS) in HDFC Asset Management Company (AMC) has garnered 82.3 per cent subscription. Retail investors — those applying for up to Rs 200,000 — bid for 987,191 shares as against 1.2 million on offer.

The share sale however, has sailed through as institutional investor portion was oversubscribed. On Wednesday, institutional investors bid for 14.1 million shares as against a total of 12 million shares on offer.
Through the OFS, promoter Standard Life has offloaded 5.64
Topics : HDFC AMC

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First Published: Jun 19 2020 | 1:24 AM IST

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