Lot of foreign & domestic funds have bought in the stake sale.
Interestingly, SBI MF has bought almost 4% and has taken it’s stake in HDFC MC close to 7% (Note: Navneet Munot is ex-CIO of SBI MF before he joined as CEO of HDFC AMC)
SBI MF is the second major non-promoter shareholder behind LIC which holds 9%
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