City Union Bank Limited
HDFC Mutual Fund reduced its stake in City Union Bank from 6.50% to 6.31%, selling 18,19,592 shares.
A banking company headquartered in Tamil Nadu, City Union Bank Limited provides comprehensive financial services to retail and corporate customers across India. The bank operates through multiple segments including Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. It delivers personalized banking solutions through its extensive branch network and digital platforms, serving diverse customer needs in the Indian financial market.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.