Abrdn PLC (LSE:ABDN) could make a share buyback after selling shares in Indian insurance firm HDFC Life Insurance Co Ltd.
The Edinburgh-based fund manager said its Mauritian business aMH06 sold 35.7mln shares in HDFC Life for around £198mln.
Abrdn said it was committed to returning a significant proportion of capital generated from stake sales by way of share buybacks and that a further announcement will be made in due course.
The share sale means aMH06 has no remaining shareholding in HDFC Life.
Shares eased 0.4% to 203.80p.