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Standard Life to sell 4.93% stake in HDFC Life via OFS

Updated : March 11, 2019 10:46 PM IST

The Standard Life (Mauritius Holdings) 2006 Ltd, one of the promoters of the insurer, will sell stake through OFS on March 12 and the floor price for the sale will be Rs 357.50 per share, HDFC Life said in a regulatory filing.
At the floor price, the company will raise about Rs 3,500 crore.
Standard Life to sell 4.93% stake in HDFC Life via OFS

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