Standard Life gets green light to lift stake in HDFC
Standard Life said it had obtained regulatory approvals to increase its stake in HDFC Life to 35% from 26% for £179m.
Abrdn
158.85p
08:40 13/05/24
0.35%
0.55p
FTSE 100
8,442.10
08:45 13/05/24
n/a
n/a
FTSE 350
4,639.15
08:45 13/05/24
n/a
n/a
FTSE All-Share
4,590.75
08:45 13/05/24
n/a
n/a
Life Insurance
6,141.99
08:45 13/05/24
-0.04%
-2.55
The transaction is expected to complete within the next two weeks.
"We are delighted that we have obtained the approvals necessary to increase our stake demonstrating our long-term commitment to India and the future success of HDFC Life," said chief executive Keith Skeoch.