Investors wait to pounce on India’s first insurance IPO

india_map_230px
By Jonathan Breen
21 Apr 2016

HDFC Standard Life Insurance Co (HDFC Life) is preparing for a landmark transaction in India, getting the nod for an IPO that would make it the first insurance firm to float in the country. What seemed like a pipe dream has finally become a reality for issuers, with the uncharted sector expected to be welcomed by investors, writes Jonathan Breen.

On Monday, HDFC Life’s board of directors gave the go ahead to initiate the IPO process, according to a filing with the Bombay and National stock exchanges. The announcement was made by parent Housing Development Finance Corp and made HDFC Life the first insurance company to officially ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial