Fitch Ratings pointed out that nearly 50% of APSEZ's cargo is considered sticky.
HDFC is currently assessing the offer and is anticipated to make a decision within the next few weeks.
These dealerships may be opened in the next 6 to 12 months.
The Scheme will dynamically allocate its net assets to equity and equity related securities and debt instruments.
DRHP to be filed in the next 12-18 months.
HDFC Life (+2.90%) is the top Nifty 50 gainer with 3% gain.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.
The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion.