HDFC Life board to mull preferential issue on 3 Sept

The board of HDFC Life Insurance Company will meet on Friday, 3 August 2021, to consider issue of equity shares and / or other securities of the company by way of preferential allotment.

Sep 01, 2021 09:09 IST capital market

The proposed issue is subject to such approvals as may be required under applicable law, and to consider convening of a meeting of the shareholders of the company to obtain approval for such issue, if required, the private insurer said.

The scrip rose 0.94% to currently trade at Rs 724.45 on the BSE.

HDFC Life Insurance Company is a life insurance entity promoted by HDFC, Indias leading housing finance institution and Standard Life Aberdeen, a global investment company.

The life insurer reported 33% fall in standalone net profit to Rs 302.35 crore on 0.7% rise in total income to Rs 14,604.30 crore in Q1 FY22 over Q1 FY21.

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