March 13, 2018 / 10:24 AM / 2 months ago

BRIEF-Standard Life Aberdeen Says Sale of Shares in HDFC AMC

March 13 (Reuters) - Standard Life Aberdeen Plc

* ‍OFFERS CONSTITUTE SLI OFFERING UP TO 8.01% AND HDFC LIMITED OFFERING UP TO 4.08% OF HDFC AMC’S EQUITY SHARES

* SALE OF SHARES IN HDFC ASSET MANAGEMENT BY STANDARD LIFE INVESTMENTS LIMITED AND HOUSING DEVELOPMENT FINANCE CORPORATION

* BOARD OF DIRECTORS OF SLI HAS APPROVED OFFER FOR SALE BY SLI OF UP TO 16,864,585 EQUITY SHARES IN HDFC AMC IN IPO

* SLI’S REMAINING SHAREHOLDING WOULD BE 30.23% Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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