Share Name Share Symbol Market Type Share ISIN Share Description
Std Life Aber LSE:SLA London Ordinary Share GB00BVFD7Q58 ORD 12 2/9P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.10p +0.03% 367.10p 366.90p 367.10p 372.70p 365.90p 370.40p 4,941,294 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 16,980.0 964.0 29.8 12.3 10,936.80

Standard Life Investments to Sell Stake in HDFC Asset Management

13/03/2018 11:18am

Dow Jones News


Std Life Aber (LSE:SLA)
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   By Carlo Martuscelli 
 

Standard Life Aberdeen PLC (SLA.LN) said Tuesday that its subsidiary Standard Life Investments Ltd. will sell an 8% stake in HDFC Asset Management Company Ltd. as part of the investee company's initial public offering.

Standard Life Investments will offer up to 16.9 million shares in HDFC Asset Management as part of the latter's IPO, it said. If the full amount is sold, its remaining shareholding will be 30.2%.

On Nov. 30, parent company Housing Development Finance Corp. (500010.BY) had announced its plans to proceed with an IPO of HDFC Asset Management, but did not indicate the price at which the shares will be sold.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

March 13, 2018 07:03 ET (11:03 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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