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.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
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.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.
In conversation with Sheetal Agarwal of IIFL, the Founder of the company outlines his growth strategy, macro opportunities and fund-raising plans.
The scheme aims to generate risk-adjusted returns through research driven investment approach by investing in a portfolio of fixed income securities maturing on or before the tenure of the Scheme.
IDFC US Treasury Bond 0-1 YEAR Fund of Fund seeks to provide diversification in the US market debts by investing in short-term US treasury securities, globally considered a safe haven asset.