HDFC Life Insurance gains 4% after huge block deals

At 09:40 am, around 26.2 million equity shares, representing 1.3 per cent of total equity of HDFC Life Insurance, changed hands through block deals on the BSE

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As of March 31, 2020, Standard Life held 247.3 million or 12.25 per cent stake in HDFC Life, the shareholding pattern data shows.

SI Reporter Mumbai

2 min read Last Updated : Jun 03 2020 | 10:20 AM IST

Shares of HDFC Life Insurance moved higher by 4 per cent to Rs 520, bouncing back 6 per cent from its intraday low on the BSE on Wednesday after more than 1 per cent equity of the life insurer changed hands via block deals.

At 09:40 am, around 26.2 million equity shares, representing 1.3 per cent of total equity of HDFC Life Insurance, changed hands through block deals on the BSE, the exchange data shows. The name of buyers and sellers were not ascertained immediately.

In March 27, 2020, UK's Standard Life, one of the promoters of the company, had sold 50

Topics : HDFC Life Buzzing stocks Markets Sensex Nifty

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