Mumbai: HDFC has hiked its shareholding in HDFC Asset Management Company by purchasing 9.90 per cent stake from Standard Life Investments Ltd (SLI) for Rs 181.81 crore. This take over will take the Corporation's shareholding in HDFC AMC to 60 per cent while SLI will hold the balance 40 per cent. HDFC AMC is the investment manager to HDFC Mutual Fund with funds under management of Rs 41,333 crore as of September 30. It's equity assets constitute approximately 44 per cent of the total funds under management.
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