HDFC AMC takes Essel on its books and will repay investors in full

CNBC-TV18
CNBC-TV18
  • 5 years ago
HDFC Asset Management Company on Monday said that it will provide a liquidity arrangement to certain fixed maturity plan (FMP) schemes of HDFC Mutual Fund to deal with the liquidity crunch owing to their exposure to the non-convertible debentures (NCDs) issued by companies promoted by Essel  Group.

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