HDFC AMC takes Essel on its books and will repay investors in full

2019-06-18 6

HDFC Asset Management Company on Monday said that it will provide a liquidity arrangement to certain fixed maturity plan (FMP) schemes of HDFC Mutual Fund to deal with the liquidity crunch owing to their exposure to the non-convertible debentures (NCDs) issued by companies promoted by Essel  Group.