JP Morgan Funds purchases shares worth Rs 288 crore of HDFC
15th Sep 2020

JP Morgan Funds has purchased shares of Housing Development Finance Corporation (HDFC) worth Rs 288 crore through an open market transaction. As per the data, JP Morgan Funds bought over 16.28 lakh shares of HDFC at an average price of Rs 1768.2 apiece. At this price, the value of transaction stood at Rs 287.97 crore.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.