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    Standard Life Investments to sell 2.82% stake in HDFC AMC via OFS

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    Standard Life Investments, one of the promoters of HDFC Asset Management Company is looking to sell up to 60 lakhs shares of the mutual fund constituting 2.82% total equity through offer for sale on June 17 and June 18. The sale price of the OFS shares has been fixed at Rs 2,362 apiece, a 7% discount to Tuesday’s closing price of Rs 2538, which according to analysts is a bargain buy.

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