Sale of Shares in HDFC AMC

RNS Number : 5540H

Standard Life Aberdeen plc

13 March 2018

 

Standard Life Aberdeen plc ("the Company")

Sale of shares in HDFC Asset Management Company Limited ("HDFC AMC") by Standard Life Investments Limited ("SLI") and Housing Development Finance Corporation Limited ("HDFC Limited")

The Company notes that in connection with the proposed initial public offering of HDFC AMC ("IPO"), the board of directors of SLI has approved the offer for sale by SLI of up to 16,864,585 equity shares in HDFC AMC in the IPO.  The Company further notes HDFC Limited's announcement today that it has approved offering for sale up to 8,592,970 equity shares in HDFC AMC in the IPO.

The offers constitute SLI offering up to 8.01% and HDFC Limited offering up to 4.08% of HDFC AMC's equity shares representing, in aggregate, 12.09% of the paid-up equity share capital of HDFC AMC as on current date. Should the full amount of shares offered by SLI be sold through the IPO, SLI's remaining shareholding would be 30.23%, based on the current paid-up equity share capital of HDFC AMC.

13 March 2018

Enquiries:

Institutional Equity Investors Jakub Rosochowski	[phone]* [phone]
Media Katy Hetherington	[phone]* [phone]
Group Secretariat Paul McKenna	[phone]*

* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

Classification: 3.1. Additional regulated information required to be disclosed under the laws of a Member State

LEI: OTMBS544NMO7GLCE7H90

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