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Abrdn is an active asset manager in the UK, with investments in equities, multi-asset, fixed income, liquidity, sovereign wealth funds, real estate, and private markets In July 2021.
According to a Moneycontrol report, HDFC Life shares in the previous month have seen some action after the Reserve Bank of India (RBI) allowed HDFC Bank or HDFC Limited to increase the shareholding in HDFC Life and HDFC ERGO to more than 50 per cent.
It is worth noting that in September 2022, the UK-based firm also sold a 2 per cent stake in HDFC, following which it held a 3.7 per cent equity stake.
For the third quarter that ended December 31, 2022, HDFC Life Insurance reported a 15 per cent year-on-year (YoY) rise in net profit. Net premium income for the quarter increased by 19 per cent YoY to Rs 14,379 crore. The first-year premium grew by nearly 29 percent on year to Rs 2,724 crore.
First Published: May 30 2023 | 9:10 PM IST
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