trending Market Intelligence /marketintelligence/en/news-insights/trending/YOqS318yzFA7QUPK89pjiw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Standard Life Aberdeen unit to sell up to 99.5M shares in India's HDFC Life

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did

Standard Life Aberdeen unit to sell up to 99.5M shares in India's HDFC Life

Standard Life (Mauritius Holdings) 2006 Ltd., a unit of U.K.'s Standard Life Aberdeen PLC, intends to sell up to 99.5 million shares in India-based HDFC Life Insurance Co. Ltd. for 357.5 rupees per share.

The company is looking to sell 70 million shares and an additional 29.5 million shares if the offering is oversubscribed. The shares represent 4.93% of HDFC Life's total issued shares. After the sale, the Standard Life unit's stake in the Indian insurer would be 24.3%.

The offer will open and close March 12 for nonretail investors and March 13 for retail investors, as well as nonretail investors who opt to carry forward their bids.

Net of taxes and expenses, the Standard Life subsidiary expects to receive about 35.3 billion rupees from the sale, if the oversubscribed options kicks in.

As of March 11, US$1 is equivalent to 69.9 Indian rupees.