Housing Development Finance Corporation Limited has informed the Exchange about In-principle approval from Securities and Exchange Board of India (???SEBI???) for change in control of HDFC Asset Management Company Limited (???HDFC AMC???), a portfolio manager, on account of proposed composite scheme of Amalgamation (???Scheme???) for the amalgamation of: (i) HDFC Investments Limited and HDFC Holdings Limited, wholly-owned subsidiaries of Housing Development Finance Corporation Limited (???HDFC Limited???), with and into HDFC Limited; and (ii) HDFC Limited with and into HDFC Bank Limited (???HDFC Bank???)
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