HDFC Life names lead banks for India listing

By Jonathan Breen
05 May 2016

HDFC Standard Life Insurance Co (HDFC Life) has mandated four houses to run its IPO, which will be India’s first listing by an insurance company.

The firm has lined up Kotak Mahindra Capital as left lead on the deal, alongside Citi, JP Morgan and Morgan Stanley, according to a source close to the transaction.

HDFC Life’s board of directors gave the go ahead to begin the IPO process on April 18. The insurer’s ...

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