HDFC Standard Life Insurance IPO from November 7
1 Nov 2017 10:58 PM IST
New Delhi: HDFC Standard Life Insurance Company Limited proposes to open on Tuesday, November 7, 2017, an initial public offering up to 299,827,818 Equity Shares of face value of 10 each which comprises of an offer for sale of 191,246,050 Equity Shares by Housing Development Finance Corporation and up to 108,581,768 Equity Shares by Standard Life 2006 Limited.
The Offer comprises of Net Offer to the Public of up to 266,895,517 Equity Shares, a reservation of up to 2,144,520 Equity Shares
for purchase by the eligible HDFC Life Employees, reservation of up to 805,000 Equity Shares for purchase by the eligible HDFC Employees and reservation of up to 29,982,781 Equity Shares for purchase by eligible HDFC Shareholders.
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