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 HDFC Standard Life Insurance Company's paid up and issued equity share capital by JV partners HDFC and Standard Life (Mauritius Holdings) 2006 Ltd.
"The IPO is subject to relevant regulatory and other necessary approval," HDFC said in the regulatory filing.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.