Comments
Shares worth ₹3,225.49 crore of HDFC Life Insurance were sold by one of its promoters on Wednesday. According to bulk deal data on the BSE, Standard Life (Mauritius Holdings) 2006 sold 6.71 crore shares of HDFC Life at an average price of ₹480.70.
Of that, 1.416 crore shares were bought by Capital World Growth and Income Fund. The identity of the other buyers were not known.
At the end of June 2019, Standard Life (Mauritius Holdings), foreign promoter entity, had held 46.44 crore shares, which represented 23.02 per cent stake in HDFC Life. The other promoter HDFC holds 103.85 crore shares (51.48 per cent stake). Recently, global capital market indices provider MSCI announced the inclusion of HDFC Life to its Global Standard Index with effect from August 28.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.