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      Question

      Which of the following has become the new owner of HDFC

      Asset Management Company?
      A SP Mutual Fund Correct Answer Incorrect Answer
      B HDFC Bank Correct Answer Incorrect Answer
      C Franklin Templeton Correct Answer Incorrect Answer
      D UBS Group Correct Answer Incorrect Answer

      Solution

      The Securities and Exchange Board of India (SEBI) has granted approval for a change in control of HDFC Asset Management Company (HDFC AMC) due to the amalgamation of HDFC Ltd and HDFC Bank Ltd. This move paves the way for HDFC Bank to become the new owner of HDFC AMC, subject to compliance with applicable regulations.

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