HDFC AMC staff cash in on firm's stock price rise, sell shares worth crores

The stock is up 117 per cent from its listing price of Rs 1100 per share to Wednesday's closing price of Rs 2,387.4. The all-time high was Rs 3,844

The employees of one of India’s largest mutual funds have cashed in on the rise in their company’s share prices. They have sold Rs 174.9 crore worth of shares in HDFC Asset Management Company (HDFC AMC) since January.

Prashant Jain, Krishan Kumar Daga, Rakesh Vyas, Sharad Mohnot and Chirag Setalvad are among those who have sold stakes, shows a Business Standard analysis of exchange announcements from January onwards.

Chief investment officer Prashant Jain has sold shares worth Rs 74.8 crore. Krishan Kumar Daga, Rakesh Vyas and Chirag Setalvad are all fund managers for the company, while deputy vice president Sharad