Standard Life Ups Hdfc Pie

Standard Life Assurance Company (SLAC) has hiked its stake by 2.08 per cent to 11.85 per cent in Housing Development Finance Corporation Ltd (HDFC).

SLAC, which was holding 9.77 per cent equity stake in HDFC under foreign direct investment (FDI), has as on December 4, 2002, increased its holding by an additional 2.08 per cent through the foreign institutional investment route.

Senior officials of HDFC Standard Life confirmed that SLAC