HDFC Life Insurance Company Limited announced that it will issue 14,523,906 equity shares at a price of INR 688.52 for total gross proceeds not exceeding INR 9,999,999,759.12 on April 16, 2026. The transaction will include participation from its parent, HDFC Bank Limited, that currently holds 50.21% stake of the company. The stake of HDFC Bank Limited in the company will increase to 50.54% post the transaction.
The transaction has been approved by the board of directors of the company. The transaction is subject to approval of the shareholders and other regulatory / statutory approvals as may be necessary. The company will issue securities on preferential basis.
