IPO: HDFC Standard Life Insurance Company Ltd
Company & Business Profile
HDFC Standard Life Insurance Company Ltd (HDFC Life) is one of the leading life insurance companies in India. HDFC Life offers a wide range of individual and group insurance solutions including Protection, Pension, Savings and Investment and Health, along with Children’s and Women’s Plan.
HDFC Life is a joint venture between HDFC and Standard Life Aberdeen plc. HDFC is a leading financial service provider in India offering finance for housing, banking, life and general insurance, asset management, venture capital and education loans. Standard Life is an Edinburgh based investment company offering wide range of financial services across the globe.
HDFC Life sells policies through a multi channel network. This includes direct sales through own branches, Insurance agents, Partner Banks and through other financial institutions. HDFC Life has over 414 branches and 15,406 full-time employees located across India. Company has over 58,147 individual agents.
Objects of the Issue
- To achieve the benefits of listing the equity shares on the stock exchanges and
- To carry out the sale of offered shares by the selling shareholders
Listing
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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