Corporate Action16 Jun 2026, 12:45 pm
HDFC Life Allots 1.45 Cr Shares to HDFC Bank for ₹1000 Cr
AI Summary
HDFC Life Insurance Company Ltd has allotted 1,45,23,906 equity shares to its promoter, HDFC Bank Limited, on a preferential basis. The allotment, approved by the Board of Directors on June 16, 2026, was at a price of ₹688.52 per share, aggregating approximately ₹1,000 crore. This move follows a special resolution passed by shareholders and receipt of regulatory approvals. The allotment increases HDFC Life's paid-up equity share capital to ₹21,72,47,49,810, comprising 2,17,24,74,981 equity shares.
Key Highlights
- 1.45 Cr equity shares allotted to promoter HDFC Bank.
- Allotment value approximately ₹1,000 crore.
- Shares issued on a preferential basis at ₹688.52 per share.
- Paid-up capital increased post-allotment.
- Received necessary regulatory and shareholder approvals.
Price Impact
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