HDFC Asset Management Company’s (AMC) promoter -- Abrdn Investment Management has divested its entire 10.20 per cent stake in the firm for Rs 4,079 crore through open market transactions. Abrdn Investment Management has offloaded the shares of HDFC AMC in 22 tranches.
According to the block deal data available with the BSE, Abrdn Investment Management has sold a total of 2,17,78,305, amounting to a 10.20 per cent stake in HDFC AMC. The shares were disposed of at an average price of Rs 1,873 apiece, taking the transaction size to Rs 4,079.07 crore.
HDFC Asset Management Company offers a large suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to its customers.
