One 97 Communications Limited
HDFC Mutual Fund bought 81,428 shares of One 97 Communications for ₹12.50 Cr at ₹1535.10 apiece in a block deal. This transaction occurred on the same day a block deal for 2.95% of One 97 Communications' equity was executed at the same price, following an announcement by Resilient Asset Management to sell up to 4.98% of its stake.
A leading digital payments and financial services platform in India, One 97 Communications operates an integrated ecosystem serving both consumers and merchants across the country. The company provides payment solutions, financial services, and commerce platforms through its core digital offerings. Its distinctive strength lies in connecting a vast network of users and merchants, enabling transactions and financial inclusion across India's digital economy through a comprehensive suite of services.
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.