Standard Life Aberdeen unit to sell 4% stake in HDFC AMC
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(Reuters) - Asset manager Standard Life Aberdeen said its unit plans to sell an up to 4% stake in India-based HDFC Asset Management Co for as much as 258 million pounds ($331.01 million).The company said on Tuesday that Standard Life Investments would sell up to 4.8 million HDFC shares for 3,170 Indian rupees each ($44.17), which would result in proceeds of about 142 million pounds net of taxes and expenses. The company will use the money to buy back shares. There is an option to sell 3.9..