BANKING

Abrdn, a promoter of HDFC Life Insurance, on Wednesday divested its entire 1.66 per cent stake in the firm for Rs 2,069 crore through open market transactions. Abrdn offloaded 3.56 crore shares of HDFC Life in 15 tranches through its affiliate abrdn (Mauritius Holdings) 2006 Ltd. SBI Mutual Fund (MF), Nippon India MF, BNP Paribas Arbitrage, BofA Securities Europe SA, Societe Generale, Morgan Stanley Asia Singapore Pte, Norges Bank and among others were the buyers of the shares of HDFC Life Insurance Company Ltd.

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