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).

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