HDFC Life Insurance Company Ltd.

HDFC Life Insurance Company is planning to raise funds by way of issuance of Non-Convertible debentures (NCDs) in the nature of subordinated debt as per IRDAI (Other Forms of Capital) Regulations, 2015. These funds are proposed to be raised to further strengthen the cash reserves of the Company post cash payout as part-consideration for acquisition of Exide Life Insurance Company. The meeting of Board of Directors of the Company scheduled to be held on April 26, 2022 to consider the same.

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.