HDFC is currently assessing the offer and is anticipated to make a decision within the next few weeks.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
The Scheme will dynamically allocate its net assets to equity and equity related securities and debt instruments.
McPhy Energy is a French company.
The shares of the company listed at 17.14% premium on NSE at Rs 164 and 16.43% premium on BSE at Rs 163 per share.
Vedanta is the parent company of Hindustan Zinc.
With over 15 years of engagement with the Bosch Group, Guruprasad has taken on several roles in engineering and business management.
The company would keep offering creative financing options to lessen the effect on the customers.
Floor price for the offer-for-sale set at Rs 2,450 per share.