HDFC Bank and HDFC-both heavily owned by mutual funds are set to conclude a merger in the next few weeks to create India's second-largest financial institution by assets after the State Bank of India.
However, pressure on mutual funds to reduce their holdings or any limitations on increases could be an overhang on the stock of the merged entity.
As per the rules of the Securities and Exchange Board of India (Sebi), a mutual fund scheme cannot invest more than 10% in a single security. However, exchange-traded funds and funds that invest in particular sectors are exempt.
Bu hikaye Mint Mumbai dergisinin June 15, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin June 15, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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