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Having been recently concluded an IPO
worth Rs 8,695-crore, the HDFC Standard Life Insurance Company, makes its debut
on stock exchanges tomorrow, 17 November 2017. The shares will be enlisted both
on the BSE and NSE.
The IPO, which was open for
subscription on 7 to 9 November, has been subscribed 4.89 times at a price band
of Rs. 275-290 per share.
The public issue included sale of
191,246,050 shares, amounting to 9.55 percent stake, by HDFC and up to
1,08,581,768 shares, by Standard Life Mauritius.
HDFC Standard Life Insurance Co is one
of the top-three life insurers in India by market share in new business
premium, as well as the most profitable life insurers based on value of new
business margins and among the top five private life insurers in India.
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