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HDFC Life gears up for IPO as Max merger delayed

The deal ran into rough weather after the Irdai sent it to the AG for approval

IPO, ipo, market, stocks
Photo: Shutterstock

HDFC Life, one of the country’s leading private sector life insurance companies, seems to be reverting to its original plan of going for an initial public offering (IPO), a decision that was taken almost a year back.  Senior company officials told Business Standard that HDFC Life was getting back into the IPO mode since getting regulatory approvals for a merger with Max Life was taking an inordinate amount of time.  “We are quite ready to do an IPO, something that we had decided in last April-May. The merger can always happen at a later date when we ...