scorecardresearchUK-based investment company Abrdn to sell 4.3 crore HDFC Life shares to raise up to ₹2,425 crore in block deal

UK-based investment company Abrdn to sell 4.3 crore HDFC Life shares to raise up to 2,425 crore in block deal

Updated: 13 Sep 2022, 08:09 AM IST
TL;DR.
The Edinburgh-based company, which was formerly known as Standard Life Aberdeen, has offered the shares in the price band of 564.1 to 578.55, which is a discount of up to 2.5 per cent on the scrip's close on Monday in the block deal.
Indian rupee banknotes arranged for a photograph at a general store in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg

Indian rupee banknotes arranged for a photograph at a general store in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg