Question
UK-headquartered investment firm abrdn Investment
Management will offload its entire 10.2 per cent stake in _________ via block deals.Solution
UK-headquartered investment firm abrdn Investment Management will offload its entire 10.2 per cent stake in HDFC Asset Management Company via block deals. The proceeds from the sale will amount to Rs 3,920 crore. After the stake sale, abrdn will cease to be a co-sponsor of HDFC Mutual Fund.
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