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
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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 ...