Housing Development Finance Corporation (HDFC) has sold 8,03,87,686 equity shares of Rs 10/- each of HDFC Standard Life Insurance Company (SLIC) to Standard Life (Mauritius Holdings) Ltd, representing 7.15% of the total issued and paid-up equity for Rs. 200 crore at a pre agreed price.
With this, Standard Life (Mauritius Holdings) will go up to 26%, the maximum permissible by foreign investors under Indian law.
On the other hand, after the current sale, HDFC’s stake will come down from 81% to 74 %.
Shimla, Jan.1: Thousands of winter sports lovers in Shimla had a gala time recently, as they converged to attend the day-long annual Ice-Skating Carnival hosted by the Ice-skating Club of Shimla.
India- based, Glenmark Pharmaceuticals Ltd has announced th
Housing Development Finance Corporation (HDFC) has sold 8,03,87,686 equity shares of Rs 10/- each of HDFC Standard Life Insurance Company (SLIC) to Standard Life (Mauritius Holdings) Ltd, representing 7.15% of the total issued and paid-up equity for Rs. 200 crore at a pre agreed price.
Moradabad, Jan 1: Farmers in Moradabad were forced to burn their sugarcan
