HDFC Standard Life IPO in 2016 second half?

Keki Mistry said "At this moment, it is difficult to pin down the timing. Because we will have to sit with our partner Standard Life and decide the exact timing. "

HDFC Standard Life is planning an initial public offering in second half of 2016, Keki Mistry, VC & CEO, HDFC was quoted as saying. 

In an interaction to ET, Keki Mistry said, "At this moment, it is difficult to pin down the timing. Because we will have to sit with our partner Standard Life and decide the exact timing. "

The Foreign Investment Promotion Board (FIPB)  allowed the UK-based Standard Life, HDFC's partner in the insurance JV, to hike its stake to 35%.