The existing leadership and the investment management teams staying back is a positive signal for continuity
Today, HDFC AMC stock was listed at Rs 1,738 on the NSE, up 58 percent as compared to the issue price of Rs 1,100 per share
The salaries of chief executive officers of ICICI Prudential Mutual Fund, HDFC Mutual Fund, Birla Sun Life Mutual Fund and Reliance Mutual Fund have increased in the last fiscal year
The Devi Shetty-run hospital company has allotted 73.57 lakh equity shares at Rs 250 per share aggregating to Rs 183.93 crore to anchors investors like Morgan Stanley, Mirae Asset Management, Nomura, Government of Singapore, Reliance AMC, Birla Sun Life, DSP Blackrock, UTI, ICICI Prudential, SBI MF among others.
Reliance AMC and Nippon have entered into a deal. Kajal Gandhi of ICICI Direct says, the deal is positive for Reliance Capital. “This is definitely a booster for the company."
Nippon Life has said it will invest Rs 1335 crore in Reliance AMC . The deal is valued at 6.4% of Reliance MF's assset under management (AUM).