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HDFC Life rallies 5%, hits record high ahead of board meet for fund raising

The board will meet on Friday, September 3, 2021 to consider issue of equity shares and / or other securities of the Company by way of preferential allotment

HDFC Life
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SI Reporter Mumbai
Shares of HDFC Life Insurance rallied 5 per cent to hit a fresh record high of Rs 758.50 on the BSE in the intra-day trade on Thursday ahead of a board meeting on Friday scheduled to consider fund raising plan. The stock of the private insurer surpassed its previous high of Rs 746, touched on March 9, 2021.

"A meeting of the board of directors of HDFC Life Insurance Company is proposed to be held on Friday, September 3, 2021 to consider issue of equity shares and / or other securities of the Company by way of preferential allotment,"

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