Private insurance company HDFC Life has applied for an IPO.
The company has sought permission from the market regulator SEBI to bring an
IPO. HDFC Life has filed the necessary DRHP documents for the IPO. Through the
IPO of HDFC Life, HDFC and Standard Life are selling around 15 per cent of
their shares. About 30 million shares will be released in the IPO.
On the other hand Reliance Nippon Life AMC has also filed an application for IPO. Through the IPO, Reliance Nippon Life will sell about 10 percent. Reliance Nippon Life AMC is the first mutual fund company, which is going to be listed in the market.
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