HDFC Life IPO likely in mid-2016
In August, the leading housing finance provider had announced that Standard Life will increase its stake in the JV, HDFC Life, to 35 per cent from 26 per cent, currently.
New Delhi Last Updated: October 27, 2015 | 08:21 IST
"Total foreign investment -- both direct and indirect holding in an Indian insurance company -- shall not exceed 49 per cent," IRDAI said. Photo: Reuters