The offer for sale (OFS) in HDFC Life Insurance worth Rs. 1400 crore received bids higher by 3 times as against the number of shares on offer. Against the offer of 36 million shares, the company received bids for 111.5 million shares as per the data from stock exchanges from institutional investors. Further, most of the bids were recorded at a higher price of Rs. 406 than the base price of Rs. 390 fixed for the OFS.
HDFC Life OFS Subscribed 3 Times By Institutional Investors
For retail investors, the offer for sale of HDFC Life offering 3.6 million shares will open on Monday.
In the share sale, the joint venture company of HDFC Life, Standard Life is paring its stake in the company.
After the OFS, the holding of a promoter in HDFC Life will be reduced to 74.36%. The stock of HDFC Life closed down by 0/82% at Rs. 413.6 on the BSE.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google