Friday 1 April 2016

HDFC closes sale of 9% stake in Life Insurance arm to Standard Life

HDFC has further informed BSE that it has completed the sale of 9% stake ("shares") in HDFC Standard Life Insurance Company Limited (HDFC Life), a subsidiary of the Corporation, to Standard Life (Mauritius Holdings) 2006 Limited. 

Housing Development Finance Corporation (HDFC) Ltd has further informed BSE that it has completed the sale of 9% stake ("shares") in HDFC Standard Life Insurance Company Limited (HDFC Life), a subsidiary of the Corporation, to Standard Life (Mauritius Holdings) 2006 Limited.

Housing Development Finance Corporation Ltd is currently trading at Rs. 1104.95, down by Rs. 0.6 or 0.05% from its previous closing of Rs. 1105.55 on the BSE.

The scrip opened at Rs. 1104 and has touched a high and low of Rs. 1110.9 and Rs. 1093.3 respectively. So far 906275(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 174659.91 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1370.8 on 16-Jul-2015 and a 52 week low of Rs. 1012 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 1167.45 and Rs. 1098 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 88.1 % and 11.9 % respectively.

The stock is currently trading below its 200 DMA.

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