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Housing Development Finance Corporation to divest 10% stake in HDFC Life

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Capital Market
Last Updated : Apr 21 2016 | 12:01 AM IST

Through offer for sale

Housing Development Finance Corporation announced that it has in-principle agreed to sell up to 10% of the paid up share capital of HDFC Standard Life Insurance Company (HDFC Life), a subsidiary of the Corporation through Offer for sale in the initial public offer (IPO) of HDFC Life subject to market conditions as well as receipt of various applicable approvals including that of Securities and Exchange Board of India and Insurance Regulatory and Development Authority of India to the extent applicable or required.

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First Published: Apr 20 2016 | 9:14 AM IST

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