InvestorQ : Is Standard Life further reducing its stake in HDFC Life Insurance?
sara Kunju made post

Is Standard Life further reducing its stake in HDFC Life Insurance?

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Mary Joseph answered.
6 months ago
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Standard Life, which is one of the original promoters of HDFC Life Insurance joint venture, will sell another 3.46% stake for Rs.4,606 crore. Standard Life Mauritius holds 8.88% in the JV. The shares are offered in the range of Rs.658 to Rs.678 against the current market price of Rs.696. This is the third tranche that Standard Life is selling in HDFC Life Insurance in the last one year.

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