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HDFC Standard Life extends gain after strong debut

On November 17, 2017, The MTBJ AC Nomura India Investment Fund purchased 19.26 million shares of HDFC Standard Life Insurance Company at Rs 325.13 per share

HDFC Standard Life Insurance IPO
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SI Reporter Mumbai
HDFC Standard Life Insurance Company rallied 4% to Rs 359 on the National Stock Exchange (NSE) in intra-day trade, extending its Friday’s 19% gain on debut, after the foreign institutional investor (FII) bought the stake in the company through open market.

HDFC Standard Life Insurance Company soared as much as 27% to Rs 369 on Friday on its debut listing. The share closed at Rs 345, up Rs 55 or 19% from its Initial Public Offer (IPO) allotment. The company issued shares at price of Rs 290 per share.

On November 17, 2017, The MTBJ AC Nomura India

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