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HDFC Standard Life Insurance today said it has mopped up Rs 8,695.01 crore from its initial public offer.

The issue received bids for 10,03,43,050shares against the issue size of 21,97,59,218 shares.

Currently, HDFC owns 61.21% stake in the JV which will come down to 51.69%, while Standard Life's 34.75% shareholding will come down to 29....

The issue will comprise part sale of stake by Housing Development Finance Company.

The two parties have not been able to arrive at a mutually agreeable alternative for the transaction, which the regulator has rejected in i...

Conflicting signals are emerging on whether the consolidation would happen first or IPO of HDFC Life.

This was supposed to be one of largest financial sector IPOs in recent times, with HDFC Life being second-largest pvt sector insurer by new...

HDFC Life is likely to be the first private sector insurer to come out with initial public offer with the company saying that it will bring...