Standard Life Sells 4.9-Per Cent Stake in Indian Mortgage Lender

The HeraldJune 23, 2005

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Summary


STANDARD Life yesterday announced it had realised about pounds- 130m by selling a 4.9-per cent stake in India's Housing Development Finance Corporation.

The investment has provided an impressive return for the 2.6 million policy-holders who own the Edinburgh institution.

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Extract


Standard Life Sells 4.9-Per Cent Stake in Indian Mortgage Lender

The stake sold was about one-third of its holding in mortgage lender HDFC, wit...

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