 "HDFC Life")
Abrdn, formerly Standard Life, is looking to sell 2 per cent of its stake in private sector insurer HDFC Life Insurance Company via block trades on Tuesday.
According to the term sheet, Abrdn (Mauritius Holdings) has put on block 43 million shares of HDFC Life at Rs 564.1-Rs 578.55 per share. Shares of HDFC Life closed at Rs 580 apiece on Monday.
The share sale may fetch the UK-based financial major at least Rs 2,425.6 crore.
