Standard Life Aberdeen (SLFPF), UK’s largest listed fund manager, recently made yet another major non-core asset sale, divesting an additional 3.3% stake in India-based insurer, HDFC Life. The latest move highlights SLA's initiative to actively pare down its non-strategic holdings - a major positive for shareholders.
The company’s intention to further reduce its non-core holdings will likely unlock more value and highlight the increasing undervaluation of its underlying asset management business. As much as GBP2.1mn could be raised from further sales of HDFC Life which should cushion uncertainties in assets under management ((AUM))