HDFC AMC jumps 2% on investing Rs 25 crore more in subsidiary

Shares of HDFC Asset Management Company jumped more than 2 percent in early trade on September 26 after it made additional investments in a subsidiary.

At 10:35am, the HDFC AMC stock was trading 1.90 percent higher at Rs 2721.85 on NSE.

HDFC Asset Management Company has invested Rs 25 crore in HDFC AMC International and continues to hold 100 percent stake in the arm. The entity being acquired belongs to financial and advisory services, as per a BSE filing of September 25. $HDFC Bank(HDB.US)$ $AMC Entertainment(AMC.US)$