Standard Life Aberdeen unit to sell 4% stake in HDFC AMC [Reuters (UK)]
ABRDN PLC UNSP ADR (SLFPY)
NASDAQ:AMEX Investor Relations:
standardlife.com/dotcom/investor-information/financial-results.page
Company Research
Source: Reuters
Standard Life Aberdeen unit to sell 4% stake in HDFC AMC - Reuters 1 Min Read Dec 3 (Reuters) - Asset manager Standard Life Aberdeen said its unit plans to sell an up to 4% stake in India-based HDFC Asset Management Co for as much as 258 million pounds ($331.01 million). The company said on Tuesday that Standard Life Investments would sell up to 4.8 million HDFC shares for 3,170 Indian rupees each ($44.17), which would result in proceeds of about 142 million pounds net of taxes and expenses. The company will use the money to buy back shares. There is an option to sell 3.9 million more shares to meet increased demand. After the sale, Standard Life Investments’ holding in HDFC AMC would be reduced to 25.9%. HDFC AMC stock has surged 90% in value since its 2018 debut. $1 = 71.7700 Indian rupees$1 = 0.7794 poundsReporting by Muvija M in Bengaluru; Editing by Bernard Orr All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters
Show less
Read more
Impact Snapshot
Event Time:
SLFPY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SLFPY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SLFPY alerts
High impacting ABRDN PLC UNSP ADR news events
Weekly update
A roundup of the hottest topics