HDFC Life revives IPO after merger plans scuppered

India’s HDFC Standard Life Insurance Co has revived plans for an IPO, putting a proposed merger and backdoor listing with Max Life Insurance Co on the backburner, according to an exchange filing.

  • By Jonathan Breen
  • 18 Jul 2017


The company’s board of directors approved listing through an offer-for-sale at a meeting on Monday, said the filing from parent Housing Development Finance Corp.

The approval comes after HDFC Life dropped an initial IPO plan in the second quarter last year in pursuit of a backdoor listing through ...

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