Abrdn sells 10.2% stake in India's HDFC Asset Management Company

20th Jun 2023 08:05

(Sharecast News) - 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).

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

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