This is an archive article published on September 13, 2022
HDFC Life Insurance stock rises 2% on Abrdn stake sale news
On BSE, HDFC Life stock opened at Rs 601, then gained 2.60 per cent to touch Rs 606 in initial deals. Similar movement was seen on the NSE as well, where shares of the company opened at Rs 605 apiece, then touched Rs 589.95, up 1.97 per cent from its previous closing price.
HDFC Life Logo (Image source: HDFC Life Facebook) Shares of HDFC Life Insurance Company surged 2 per cent in morning trade after the UK-based investment company Abrdn said it is planning to sell 4.3 crore shares in the private sector insurer through block deal.
Abrdn is planning to sell up to 4.3 crore shares representing 2 per cent of HDFC Life’s outstanding shares through a block deal to raise over Rs 2,425 crore.
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On BSE, HDFC Life stock opened at Rs 601, then gained 2.60 per cent to touch Rs 606 in initial deals.
Similar movement was seen on the NSE as well, where shares of the company opened at Rs 605 apiece, then touched Rs 589.95, up 1.97 per cent from its previous closing price.
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