Abrdn sells 10.2% stake in India's HDFC AMC.


Asset manager Abrdn said on Tuesday that its aIML subsidiary has sold just under 21.8m shares in India’s HDFC Asset Management Company for about 45.7 billion rupees (£337m).

Abrdn

Source: Sharecast

The shares sold represent a stake of around 10.2% and aIML no longer has any shares in HDFC AMC.


ISIN: GB00BF8Q6K64
Exchange: London Stock Exchange
Sell:
151.75 p
Buy:
151.90 p
Change: 2.15 ( 1.44 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

Whether you're looking for a Share Dealing Account, Stocks and Shares ISA or a Self-Invested Personal Pension (SIPP), we've got an account to suit your needs..

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.