HDFC Asset Management Company Limited
Government Pension Fund Global (Norway) increased its stake in HDFC Asset Management Company Limited from 1.29% to 1.67%, with its shareholding rising from 5,515,198 to 7,154,531 shares. This additional stake is worth approximately ₹409.78 Cr at ₹2499.50 apiece.
A leading fund management company in India, HDFC Asset Management provides investment and wealth management services across mutual funds and other asset classes. Established in 1999, the company offers diversified investment solutions to retail and institutional clients through a range of equity, debt, and hybrid schemes. It operates as a subsidiary of HDFC Bank, leveraging the parent's extensive distribution network and customer base to deliver comprehensive financial products and services.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.