Standard Life: No Intention to Sell Stake in HDFC Standard Life
April 19 2016 - 1:00PM
Dow Jones News
LONDON--U.K. listed savings and investment business Standard
Life PLC (SL.LN) said Tuesday that it has no intention to dispose
of its shares in HDFC Standard Life Insurance Co. Ltd., as part of
the Indian insurer's plan for an initial public offering.
Standard Life, through a unit, holds a 26% share holding in HDFC
Standard Life and is in the process of increasing its stake to
35%.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
April 19, 2016 13:45 ET (17:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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