HDFC Life Insurance Company Ltd.

UK-based investment company Abrdn is planning to sell up to 4.3 crore shares representing 2 per cent of HDFC Life Insurance Company's outstanding shares through a block deal to raise over Rs 2,425 crore.

The shareholding of Abrdn, one of the promoters of the insurer, will fall to 1.7 per cent after the trade is executed from the present 3.7 per cent. Mortgage major HDFC, the other promoter in the private sector insurer, will continue to hold 48.7 per cent of the company.

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.