New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    UK-headquartered investment firm abrdn Investment

    Management will offload its entire 10.2 per cent stake in _________ via block deals.
    A ICICI Prudential Asset Management Company Limited Correct Answer Incorrect Answer
    B HDFC Asset Management Company Limited Correct Answer Incorrect Answer
    C Nippon Life India Asset Management Ltd Correct Answer Incorrect Answer
    D Axis Asset Management Company Limited Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    UK-headquartered investment firm abrdn Investment Management will offload its entire 10.2 per cent stake in HDFC Asset Management Company via block deals. The proceeds from the sale will amount to Rs 3,920 crore. After the stake sale, abrdn will cease to be a co-sponsor of HDFC Mutual Fund.

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