REG - Housing Dev Fin Corp - Proposed IPO - HDFC Standard Life Insurance Co Ltd <Origin Href="QuoteRef">HDFC.NS</Origin>

Housing Development FinanceAnnouncement

18/08/2017 15:50

RNS Number : 4547O
Housing Development Fin. Corp. Ltd.
18 August 2017
Ref. No. SE/ 2017-18/164
August 18, 2017
BSE Limited National Stock Exchange of India Ltd.
P. J. Towers,   Exchange Plaza, Plot No. C/1, Block G,
Dalal Street,  Bandra-Kurla Complex, Bandra (East)
Mumbai 400 001. Mumbai 400 051.
Kind Attn: Sr. General Manager   Kind Attn: Head - Listing 
  DCS - Listing Department
Dear Sirs,
Sub: Proposed Initial Public Offering (IPO) of HDFC Standard Life Insurance Company Limited - Filing of draft red herring prospectus
In continuation to our letter dated July 28, 2017, we wish to inform you that HDFC Standard Life Insurance Company Limited (HDFC Life), a material subsidiary of the Corporation, has today i.e., on August 18, 2017, filed a draft red herring prospectus with the Securities and Exchange Board of India for a public offer of up to 29,98,27,818 equity shares of Rs.10 each of HDFC Life representing 14.97% of its issued and paid-up equity share capital, for cash, through an offer for sale of 19,12,46,050 equity shares by the Corporation and 10,85,81,768 equity shares by Standard Life (Mauritius Holdings) 2006 Limited, representing 9.55% and 5.42%, respectively.
The offer includes the following proposed reservations:
 up to 21,44,520 equity shares (constituting up to 0.11% of the post offer paid up equity share capital of HDFC Life) for purchase by the eligible HDFC Life employees;
 up to 8,05,000 equity shares (constituting up to 0.04% of the post offer paid up equity share capital of HDFC Life) for purchase by the eligible HDFC employees; and
 2,99,82,781 equity shares (constituting up to 1.50% of the post-offer paid up equity share capital of HDFC Life) for purchase by individual and Hindu Undivided Family (HUF) shareholders of the Corporation as on the date of filing the draft red herring prospectus i.e., today, August 18, 2017. 
We request you to kindly take note of the same and arrange to make necessary announcement.
Thank you,
Yours faithfully,
For Housing Development Finance Corporation Limited
Ajay Agarwal
Company Secretary
Copy to: London Stock Exchange
  10, Patemoster Square,
  London, EC4M 7LS. 

This information is provided by RNS
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