US-based Oppenheimer Developing Markets Fund on Tuesday sold shares worth ₹263 crore of six firms, including HDFC, Kotak Bank and TCS, to Invesco Equity Fund.
According to data available with the BSE, Oppenheimer sold HDFC shares worth ₹98.29 crore, and Kotak Bank shares valued at ₹82.37 crore to Invesco Developing Markets Equity Fund.
Similarly, TCS shares worth ₹34.11 crore, Zee Entertainment shares of ₹24.28 crore, Cholamandalam Investment shares of ₹10.58 crore and DLF shares valued at ₹14.10 crore were sold by Oppenheimer to Invesco.
Earlier this year, Invesco said that it has successfully completed acquisition of Oppenheimer Funds, bringing the firm’s total assets under management to $1.2 trillion.