Abrdn sells 10.2% stake in India's HDFC AMC
Updated : 08:14
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.