HDFC Life Insurance Company Ltd.

UK's Standard Life has divested nearly 2% stake in HDFC Life Insurance Company for a little over Rs 1,985 crore through open market transactions. The shares were offloaded at an average price of Rs 496.4 each, valuing the transaction at Rs 1,985.6 crore.

 

Axis Mutual Fund (MF), Mirae Asset MF, ICICI Prudential MF, Fidelity Investment, Aditya Birla Sun Life MF, Morgan Stanley, Nomura and Societe Generale are among the buyers who picked up shares of the insurance firm.

HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.