Standard Life Aberdeen sells more HDFC Life shares for £237m

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Wealth manager Standard Life Aberdeen said it had sold down a further stake in Indian insurer HDFC Life, for 21.86bn Indian rupees (£237m).

The company said it would use the proceeds for general corporate purposes.

The shares sold constituted 2.48% of the paid-up, issued equity share capital of HDFC Life, reducing its remaining shareholding to 12.25%.


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