HDFC sells 7.15% stake in HDFC SLIC to Standard Life

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New Delhi, Dec 31 (UNI) Housing Development Finance Corporation Ltd (HDFC) today said it will sell 7.15 per cent of its stake in HDFC Standard Life Insurance Company Ltd to Standard Life (Mauritius Holdings) 2006 Ltd.

HDFC will sell 8,03,87,686 equity shares of Rs 10 each of HDFC Standard Life Insurance Company Ltd (HDFC SLIC) to Standard Life representing 7.15 per cent of the total issued and paid-up equity capital of HDFC SLIC.

Consequent to the said sale, Standard Life (Mauritius Holdings) 2006 Ltd would hold 26 per cent of the total issued and paid-up equity capital of HDFC SLIC.

UNI

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