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Standard Life Aberdeen set to raise £200m from India share sale

The FTSE 100 investment company is set to benefit from the upcoming IPO of HDFC Asset Management

A major provider of finance for housing in India, HDFC also has a presence in banking, insurance and asset management
A major provider of finance for housing in India, HDFC also has a presence in banking, insurance and asset management Photo: Getty Images

UK investment behemoth Standard Life Aberdeen is set for an £200m payday thanks to the stock market listing of India’s biggest fund manager.

According to documents relating to the proposed initial public offering of HDFC Asset Management — India’s largest fund group — SLA’s 37.98% holding has been valued at between £970m and £975m.

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