Today HDFC AMC shares are getting hammered due to SEBI’s decision to cut Mutual Fund management fees.
What is interesting is that the employees probably knew this was coming and sold well in advance.
HDFC AMC saw huge subscription in its IPO
STOCK MOVE
+50% from issue price
-17% from peakSome employees (including Fund Managers) have been bookin profits in D open mkt
Total shares sold in open mkt
=Only 0.3% of total shares
But 2% of total free floatin stock@CNBCTV18Live pic.twitter.com/3mKv5th63u— Nigel D'Souza (@Nigel__DSouza) September 17, 2018
