Asset manager normal Life Aberdeen sold-out a 2.8% stake in insurance subsidiary HDFC insurance Company for 172 million pounds. The UK plus manager has cut its stake within the Mumbai-based subsidiary by nearly 19% within the past 2 years, from 29.2% in Dec 2018. As of September, 2020 Standard Life had 10.27% stake. Today, the stock of the insurance company saw a 2% hike its prices after seeing a low in past four days.
Standard Life deinvest in HDFC by selling their stake of 172 million pounds
