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.