Mumbai July 18 (IANS) HDFC on Monday said that the board of HDFC Standard Life Insurance Company has approved an "enabling resolution for an initial public offering (IPO)".
According to a BSE filing the proposed IPO will be done through an offer-for-sale (OFS) route for up to 20 per cent of HDFC Standard Life Insurance Company s paid up and issued equity share capital by JV partners HDFC and Standard Life (Mauritius Holdings) 2006 Ltd.
"The IPO is subject to relevant regulatory and other necessary approval " HDFC said in the regulatory filing.
--IANS
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