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HDFC Standard Life's board approves resolution for IPO

IANS  |  Mumbai 

on Monday said that the board of Standard Life Company has approved an "enabling resolution for an initial public offering (IPO)".

According to a BSE filing, the proposed IPO will be done through an offer-for-sale (OFS) route for up to 20 per cent of Standard Life Company's paid up and issued equity share capital by JV partners and Standard Life (Mauritius Holdings) 2006 Ltd.

"The IPO is subject to relevant regulatory and other necessary approval," said in the regulatory filing.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 18 2017. 00:44 IST
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