UK's abrdn sells 10.2% stake in India's HDFC Asset Management Co

HDFC Asset Management

20/06/2023 07:12

June 20 (Reuters) - British asset manager abrdn plc
 ABDN.L  said on Tuesday its unit aIML has sold about 21.8
million shares or a 10.2% stake in India's HDFC Asset Management
Company Ltd  HDFA.NS  for about 35.47 billion rupees  ($431.9
million).
    aIML has no more stake in HDFC AMC, abrdn said.
 
    ($1 = 82.1300 Indian rupees)

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Dhanya Ann Thoppil)
 ((abyjose.koilparambil@thomsonreuters.com; +917483275231;))