SBI Mutual Fund buys over 4.7 mn shares of HDFC AMC for Rs 757 cr

SBI Mutual Fund on Monday bought 47.33 lakh shares of HDFC AMC for Rs 757 crore through an open market transaction.

According to the bulk deal data available with the National Stock Exchange (NSE), SBI Mutual Fund purchased 47,33,788 shares of the company.

The shares were acquired at an average price of Rs 1,600 apiece, taking the aggregate value at Rs 757.40 crore.