ABRDN has offloaded its entire stake in Indian asset manager HDFC and could be set to ramp up share buybacks as it looks to put cash in investors' pockets.
In a statement , the vowel-stripped investor said it had sold its remaining 10.2 per cent stake in
Abrdn first began offloading its stake in the company last year, dumping its six per cent stake for £225m.
A
(c) 2023 City A.M., source