HDFC Life Insurance Company Ltd allots 3,57,94,824 equity shares

The Capital Raising Committee of the Board of HDFC Life Insurance Company Limited has vide its resolution dated September 9, 2022, allotted 3,57,94,824 equity shares of the Company at a price of ₹ 558.74 per equity share (including premium of ₹ 548.74 per equity share) aggregating to ₹ 19,999,999,961.76/- (Rupees One Thousand Nine Hundred and Ninety Nine Crore Ninety Nine lakh Ninety Nine Thousand Nine Hundred and Sixty One Rupees and Seventy Six Paisa only) to Housing Development Finance Corporation Limited, one of the promoters of the Company, on preferential basis.

Post the above allotment, paid-up equity share capital of the Company stood at ₹ 21,490,547,510 comprising of 2,149,054,751 equity shares of face value of ₹ 10 each.

Source : Equity Bulls

Keywords

HDFCLifeInsurance SharesAllotment PreferentialIssue HDFC FundRaising