Standard Life sells 5% stake in HDFC AMC for ₹3,060 crore
The Hindu
HDFC AMC operates as a joint venture between HDFC and Standard Life Investments
Promoter Standard Life Investments on Wednesday divested a 5% stake in HDFC AMC for a little over ₹,060 crore through the open market transaction.
According to bulk deal data available with the BSE, the promoter sold a total of 1,06,50,000 shares, representing a 5% stake, of the asset management company.
The shares were divested at ₹2,873.79 apiece, a heavy discount of 6.5% from Tuesday's closing price of ₹3,075.65.
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