The brokerage said the move will alleviate the supply risk in the stock. In a notice to the stock exchanges, HDFC AMC said co-sponsor abrdn, formerly known as Standard Life Investment holding a 10.21% stake, plans to sell it entirely.
Global Market Today: Asian stocks slip on AI woes, oil extends drop
Asian stocks dipped, mirroring a global tech sell-off fueled by concerns that the AI rally has overheated. Investors are questioning sky-high valuations amid rising costs