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The Economic Times

Parag Parikh Flexi Cap Fund raises stake in HDFC Bank, ICICI Bank, 4 other stocks

Parag Parikh Flexi Cap Fund, the largest flexi cap fund by assets, increased its stakes in Power Grid Corporation of India, ICICI Bank, and HDFC Bank in August. The fund reduced its exposure to NMDC and UTI Asset Management Company. The total assets managed by the fund rose to Rs 78,490 crore from Rs 75,956 crore in July.

Business Standard

HDFC Asset Management Company Ltd eases for fifth straight session

HDFC Asset Management Company Ltd is quoting at Rs 4379.5, down 0.54% on the day as on 13:19 IST on the NSE. The stock jumped 78.55% in last one year as compared to a 29.5% rally in NIFTY and a 19.6% spurt in the Nifty Financial Services index.

Business Standard

LIC pares stake in HDFC AMC

Life Insurance Corporation of India (LIC) disclosed that it has decreased its stake in HDFC Asset Management Company from 4.909% to 2.883%.

Business Standard

Blackstone sells over 310 mn units in Nexus Select Trust for Rs 4,355 cr

Global investment firm Blackstone on Friday sold 31.55 crore units in its REIT firm 'Nexus Select Trust' for around Rs 4,354.90 crore through a block deal on stock exchanges as part of a strategy to monetise real estate portfolio. Blackstone currently holds around 43 per cent stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties. According to exchange data, Blackstone sold 31.55 crore units in Nexus Select Trust at Rs 138 apiece, taking the total transaction value to Rs 4,354.90 crore. Domestic mutual funds, including ICICI Prudential Mutual Fund (MF), and HDFC MF picked up units of Nexus Select Trust. Among foreign companies, US-based financial services company Wells Fargo and Morgan Stanley acquired stake in the company while French asset management firm Carmignac bought units of the REIT firm, as per the data on the NSE. These entities acquired a total of 11.75 crore units or 7.76 per cent stake in Nexus Select ...

Mint

HDFC Asset Management Company Q1 Results Live : profit rise by 26.47% YOY

HDFC Asset Management Company Q1 Results Live : Revenue increased by 34.93% YoY & profit increased by 26.47% YoY

Business Line

HDFC AMC to report strong growth in Q1

Kotak Institutional Equities expects HDFC Asset Management Company to report 20% y-o-y growth in the quarter under review, while sales may increase 35%