Others

HDFC Life, Max Life and Max Financial Services Announces Entering into Exclusivity to Evaluate a Strategic Combination

| Updated on June 17, 2016 Published on June 17, 2016

Housing Development Finance Corporation Ltd has informed BSE that the Board of Directors of HDFC Standard Life Insurance Company Limited (HDFC Life), a material non listed subsidiary of the Corporation, at its meeting held on June 17, 2016, has approved entering into a confidentiality, exclusivity and standstill agreement to evaluate a proposal for a potential combination through a merger of Max Life Insurance Company Limited and Max Financial Services Limited with HDFC Life by way of a scheme of arrangement.

A copy of the communication dated June 17, 2016 received from HDFC Life, together with the press release being issued by HDFC Life in this regard is enclosed.

Pdf Link: >HDFC Life, Max Life and Max Financial Services Announces Entering into Exclusivity to Evaluate a Strategic Combination

Source : BSE - >www.bseindia.com

Published on June 17, 2016
This article is closed for comments.
Please Email the Editor