| Offer for Sale for HDFC Life Insurance Company Limited |
This is in continuation of the Exchange notice no. 20190311-28 dated March 11, 2019 for Offer for Sale (OFS) by the seller to sell up to 7,00,00,000 equity shares of HDFC Life Insurance Company Limited (formerly known as HDFC Standard Life Insurance Company Limited) (the “Company”) of face value of Rs. 10/- each with an additional option to sell up to 2,95,00,000 equity shares of the Company.
The Promoter {“Seller – Standard Life (Mauritius Holdings) 2006 Limited”} has informed the Exchange of its intention to exercise the Oversubscription Option in the Offer to the extent of 2,95,00,000 Equity Shares (representing 1.46% of the total issued and paid-up equity share capital of the Company) in addition to 7,00,00,000 Equity Shares (representing 3.47% of the total issued and paid-up equity share capital of the Company) forming part of the Base Offer Size. Accordingly, the aggregate number of Sale Shares will be up to 9,95,00,000 Equity Shares (representing 4.93% of the total issued and paid-up equity share capital of the Company) of which, up to 9,95,00,000 Equity Shares (representing 0.49% of the total issued and paid-up equity share capital of the Company) would be available as part of the Offer on T+1 day, i.e. March 13, 2019.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
March 12, 2019 |