Standard Life Aberdeen plc Listing of HDFC Life (8043W)
November 17 2017 - 3:00AM
UK Regulatory
TIDMSLA
RNS Number : 8043W
Standard Life Aberdeen plc
17 November 2017
Standard Life Aberdeen plc ("the Company")
Listing of HDFC Standard Life Insurance Company Limited ("HDFC
Life")
The Company notes that on Friday 17 November 2017, HDFC Life
listed on the National Stock Exchange of India Limited and The
Bombay Stock Exchange Limited following completion of the Initial
Public Offer ("IPO"). On opening, the equity shares in HDFC Life
were listed at a price of Rs 290 per share.
Through the IPO, Standard Life (Mauritius Holdings) 2006 Limited
("MH06") sold 108,581,768 equity shares in HDFC Life for a total
consideration of approximately Rs 31,489m (cGBP370m(1) ).
MH06's shareholding in HDFC Life now stands at 589,626,265
equity shares or 29.35% of the issued equity share capital of HDFC
Life. Based on the listing price, the value of this remaining
shareholding would be approximately Rs 170,992m (cGBP2.0bn(1)
).
17 November 2017
(1) Based on INR|GBP exchange rate of 85.8|1
Enquiries:
+44 (0) 131 245 8028*
+44 (0) 7515 298 608
Institutional Equity Investors
Jakub Rosochowski +44 (0) 131 245 6466*
Neil Longair +44 (0) 7711 357 595
Media +44 (0) 131 245 2283*
Katy Hetherington +44 (0) 7841 344 374
Group Secretariat
Paul McKenna +44 (0) 131 245 1168*
* Calls may be monitored and/or recorded to protect both you and
us and help with our training. Call charges will vary.
LEI: OTMBS544NMO7GLCE7H90
Classification: 3.1. Additional regulated information required
to be disclosed under the laws of a Member State
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 17, 2017 04:00 ET (09:00 GMT)
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