Monday, 31 July 2017

HDFC Announced That It Is Going To Divest 9.57 Percent

HDFC announced that it is going to divest 9.57 percent of its stake in HDFC Life.

We are not supposed to discuss the timeline but our intention is to get the initial public offering out as soon as possible, said Amitabh Chaudhry, MD & CEO of HDFC Life.

Had started work on HDFC Life's IPO last year itself, he added.

He further said that a lot of the general insurance companies have been filing for IPOs lately.

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