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Standard Life pushes for listing of HDFC Life

Standard Life holds 35 per cent stake in HDFC Life Insurance

Subrata Panda  |  Mumbai 

After the Insurance Regulatory and Development Authority of India (Irdai) rejected the HDFC Life-Max Life merger on June 7, Standard Life,  the UK-based partner of HDFC Life Insurance, has expressed apprehensions as to whether any new structure for the proposed merger would be viable or not. Standard Life, which holds 35 per cent stake in HDFC Life Insurance, said it will be pushing for listing their joint venture with HDFC via an initial public offer (IPO) at the earliest. “There can be no certainty that any options relating to the merger will be viable in which case ...

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First Published: Sat, June 10 2017. 01:53 IST
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