Leading private sector life insurance company HDFC Standard Life plans to come out with an Initial Public Offer (IPO) during next financial year.
The company is planning to come out with an IPO in 2010-11 though the board of the company has not yet set a specific deadline and the work is under progress. Mr Paresh Shreesh Parasnis, Executive Director and Principal Officer, told reporters that timing of the IPO would be depended on the Insurance (Amendment) Bill. The Bill aims to enhance the FDI limit in private insurance firms from 26% to 49%.
HDFC Standard Life is a joint venture between housing finance major Housing Development Finance Corporation (HDFC) and Standard Life plc, a financial services provider in the UK.
Mr Parasnis said the company would pump in Rs 350 crore in the current fiscal. He said Rs 50 crore has been injected and the remaining Rs 300 crore would be infused in the next few months.
Wednesday, November 25, 2009
HDFC Standard Life plans IPO in 2010-11
Subscribe to:
Post Comments (Atom)
5 comments:
Quick Visit And Earn more
sattaking
playbazaar
play bazaar
satta king This is extraordinary in light of the fact that it tends to be a helpful expense reasoning as long as you are certain that you just incorporate customers and not yourself.
Satta Bazar check your result with Satta Bazar if you can play then you should go with this site
Nice Post
Paly Online Delhi Bazar
Akele Aaye Hai Akele Jana Hai
To Phir Akele Rahne Me Kya Problem Hai
Play bazaar
Post a Comment