Mumbai (Maharashtra)/ New Delhi [India], October 7 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised abrdn (Mauritius Holdings) 2006 Limited (abrdn) in relation to the secondary trade by abrdn in HDFC Life Insurance Company Limited (HDFC Life). abrdn is one of the promoters of the HDFC Life and has undertaken multiple share sale after the IPO of the Company. The Capital Markets Practice of Cyril Amarchand Mangaldas advised abrdn Group on the transaction documents. The transaction team was led by Abhinav Kumar, Partner. Tax advisory was provided by SR Patnaik, Partner & Head - Taxation; Kunal Savani, Partner; with assistance from Bipluv Jhingan, Principal Associate. As a part of the transaction, abrdn undertook the sale by way of share sale on the screen-based trading of BSE Limited for an aggregate consideration of Rs 2,434 crores (approx.). The transaction involved a sale of 43,000,000 equity shares of the face value of Rs. 10 each of HDFC Life, representing 2.00 per cen
Sovereign Gold Bonds: The next tranche of SGBs is scheduled to open for subscription for five days beginning Monday. The issue price has been fixed at Rs 5,091 per gram of gold.
The next tranche of SGBs is scheduled to open for subscription for five days beginning Monday. The issue price has been fixed at Rs 5,091 per gram of gold. It will be the first issuance of the current fiscal.