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ABRDN STAKE SALE
Bajaj Finserv completes acquisition of Allianz stake in insurance JVsBajaj Finserv and its promoter group have acquired a combined 97% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance...
Promoters cash in on rally, offload company sharesOn June 30, promoters of air-conditioning generator manufacturer TD Power Systems sold 37.7 million shares for ₹835 crore. Shares of TD Pow...
Shriram Finance, HDFC AMC’s investability weightage increases in FTSE World indexFTSE Russell, the index aggregator, has increased the investability weightages for Shriram Finance and HDFC Asset Management Company in the...
Piramal Enterprises to sell 8.34% stake in Shriram FinIn FY13, Piramal Enterprises sold its domestic pharmaceutical formulations business to Abbott Laboratories for ₹17,000 crore and had invest...
Promoter Abrdn sells entire stake in HDFC AMC for Rs 4,079 cr; Morgan Stanely, SBI MF among buyersThis follows the UK investor’s exit from private insurer HDFC Life, where it sold some INR2,000cr of shares in the pre-merger stake sale. H...
UK's abrdn exits India's HDFC AMC in $432 mln stake saleBritish asset manager abrdn plc has sold its entire 10.2% stake in India's HDFC Asset Management Co Ltd for about Rs 3,547 crore, or about ...
Rupee logs worst day in two weeks on likely dollar outflowsThe Indian rupee closed 0.21% lower at 82.1175 to the dollar due to outflows of funds and a weaker Chinese yuan. Despite a few stake sales,...
Abrdn makes up to 126x return by selling HDFC AMC sharesUK-based Abrdn Investment Management has sold its 2.18 crore shares in HDFC Asset Management Company for 126 times the price at which it ac...
HDFC AMC shares jump 8% on stake sale by promoter Abrdn InvestmentShares of HDFC Asset Management Company (AMC) surged 8% after the UK-based Abrdn Investment Management, which held a 10.2% stake in the com...
Abrdn Investment Management set to exit HDFC AMCAbrdn Investment Management, formerly known as Standard Life, plans to sell its entire 10.2% stake in HDFC Asset Management Company in an o...
Promoter Abrdn Investment to sell entire stake in HDFC AMC via block dealPromoter Abrdn Investment Management is set to sell its entire 10.2% stake in HDFC AMC through block deals, offering 2.18 crore shares at R...
Street buoyant with strong inflows, good opportunities to spur dealsDomestic investors are now showing more interest while the market is also showing some promising opportunities. Over the past two weeks, th...
Stocks in news: South Indian Bank, Coal India, HDFC Life, SAIL, Adani GreenSouth Indian Bank has finalised the candidates for the post of MD and CEO of the Bank. The lender will submit the application to the RBI se...
Abrdn sells 1.66% stake in HDFC Life for Rs 2,069 croreSBI Mutual Fund bought 1.42 crore shares worth ₹823 crore, while Society Generale purchased 33 lakh shares worth ₹193 crore. Other large bu...
These hedge funds, FPIs, domestic MFs picked up Abrdn’s stake in HDFC LifeInvestment firm Abrdn has sold its 1.66% stake in HDFC Life Insurance, through its affiliate abrdn (Mauritius Holdings) 2006. Abrdn sold 3,...
HDFC Bank may buy 1.6% in HDFC Life from JV partnerIn a similar move, ICICI Bank this week approved a proposal to increase its shareholding in ICICI Lombard General Insurance, aiming to esta...
Promoter abrdn Investment plans to sell entire 10.2% stake in HDFC AMCOf the 10.21 per cent stake, abrdn Investment is looking to place up to 2,11,18,578 shares, amounting to 9.9 per cent with a single buyer, ...
Abrdn to sell its entire 10.2% stake in HDFC AMCThe brokerage said the move will alleviate the supply risk in the stock. In a notice to the stock exchanges, HDFC AMC said co-sponsor abrdn...
Promoter abrdn Investment to sell entire 10.2% stake in HDFC AMCConsequent to the stake sale, abrdn Investment Management will cease to be a co-sponsor of HDFC Mutual Fund; the sale could fetch the UK fi...
HDFC Life rises 5% on block deal in counterAccording to the merchant bankers, the Edinburgh-based Abrdn, had offered the shares in the price band of Rs 564.1 to Rs 578.55, which is a...