StockMarketWire.com - Standard Life Aberdeen said a subsidiary planned to sell shares in India's HDFC Life Insurance Company for about £380m.

The Mauritian subsidiary would sell up to 99.5m shares, representing about 4.9% of the Indian insurer's total shares on issue.

Following the sale, Standard Life Aberdeen would still hold a 24% interest in HDFC Life Insurance Company.


At 1:49pm: [LON:SLA] Standard Life Aberdeen share price was +4.6p at 242.9p



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