HDFC Standard Life Insurance Company

HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through an open market transaction. According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance. The shares were picked up at an average price of Rs 900 apiece, taking the transaction value to Rs 90 crore. Meanwhile, a foreign investor Asia Opportunities V (Mauritius) Ltd trimmed its stake by offloading shares of PNB Housing at the same price. After the transaction, Asia Opportunities V holding in PNB Housing has come down to 0.94 per cent from 1.34 per cent. Shares of PNB Housing Finance rose 2.33 per cent to close at Rs 922.80 apiece. In August this year, Asia Opportunities V (Mauritius) offloaded a 3 per cent stake in PNB Housing Finance for over Rs 676 crore. Before that, in May, Asia Opportunities V (Mauritius) and General Atlantic divested a cumulative 4.46 p

According to media reports, UK's Standard Life is planning to divest up to 4.5 per cent stake in HDFC Life Insurance.

The stock hit a new high of Rs 547, up 5% on the BSE in intra-day trade in otherwise subdued market

With the market-cap of Rs 1.01 trillion at 09:25 am; HDFC Life stood at number 29th position in overall market-cap ranking, the BSE data shows.

With the market-cap of Rs 900 billion, HDFC Standard Life crossed Adani Ports, Gail (India), Eicher Motors, Hero MotoCorp, Tata Steel and Hindalco in market-cap ranking

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

Morgan Stanley India Company, HDFC Bank, CLSA India and Nomura Financial Advisory and Securities (India) were the global coordinators and book running lead managers to the offer