HDFC Life Insurance Company Ltd.

HDFC Life Insurance Company’s promoter -- Abrdn has divested its entire 1.66 per cent stake in the firm for Rs 2,069 crore through open market transactions. Abrdn offloaded 3.56 crore shares of HDFC Life in 15 tranches through its affiliate abrdn (Mauritius Holdings) 2006. The shares were disposed of at an average price of Rs 579.6 apiece, taking the transaction value to Rs 2,068.83 crore.

SBI Mutual Fund (MF), Nippon India MF, BNP Paribas Arbitrage, BofA Securities Europe SA, Societe Generale, Morgan Stanley Asia Singapore Pte, Norges Bank and among others were the buyers of the shares of HDFC Life Insurance 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.