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Cyril Amarchand Mangaldas advises abrdn Group in the Secondary Trade in HDFC Life

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 ....

Bipluv Jhingan , Cyril Amarchand Mangaldas , Kunal Savani , Abhinav Kumar , Life Insurance Company Limited , Mauritius Holdings , Bofa Securities India , New Delhi , Businesswire India , Insurance Company Limited , Capital Markets Practice , Bofa Securities India Limited , Mumbai Maharashtra New Delhi India , Ctober 7 Ani Businesswire India Cyril Amarchand Mangaldas Advised Abrdn Mauritius Holdings 2006 Limited In Relation To The Secondary Trade By Hdfc Life Insurance Company Is One Of Promoters And Has Undertaken Multiple Share Sale After Ipo Capital Markets Practice Group On Transaction Documents Team Was Led Abhinav Kumar , Artner Tax Advisory Was Provided By Sr Patnaik , Artner Amp Head Taxation Kunal Savani , Artner With Assistance From Bipluv Jhingan , Rincipal Associate Asa Part Of The Transaction , Brdn Undertook The Sale By Way Of Share On Screen Based Trading Bse Limited For An Aggregate Consideration Rs 2 , 434 Crores Approx The Transaction Involveda Sale Of 43 , 000 Equity Shares Of The Face Value Rs 10 Each Hdfc Life , Epresenting 2 00 Per Cent Approx Of The Total Issued And Paid Up Equity Share Capital Hdfc Life , Y Abrdn Other Parties And Advisors To The Transaction Included Bofa Securities India Limited Acted As Broker Aggregate Value Of Is Inr 2 , 434 Crore Approx The Transaction Was Signed On September 13 , 022 And Closed On September 15 , 022 This Story Is Provided By Businesswire India Ani Will Not Be Responsible In Any Way For The Content Of Article ,

Cyril Amarchand Mangaldas advises Abrdn Group in relation to block trade by Abrdn Plc in HDFC AMC

Mumbai (Maharashtra)/ New Delhi [India], September 26 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Abrdn Investment Management Limited, a subsidiary of Abrdn Plc (formerly known as Standard Life Aberdeen Plc), in relation to the block trade by Abrdn Plc in HDFC Asset Management Company Limited (HDFC AMC) ....

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