Abrdn completely exits out of HDFC AMC

After HDFC Life, Abrdn has quickly exited out of HDFC AMC too.

  • After continuously reducing stake over the years, Abrdn had 10.2% balance stake left in HDFC AMC
  • It has now sold this through open market transactions and realised Rs 4,079 cr
  • The per share realised price is Rs 1,873 which is similar to the previous day closing price.

Normally with such large sales one expects a steep short term decline in the price. However, Abrdn’s sale was widely expected and actually was an overhang the stock. Now this being out of the way, it’s back to the core business fundamentals.

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