Standard Life to sell HDFC Life shares worth $621 million

Standard Life, the co-promoter of HDFC Life Insurance Co. Ltd, is selling a 3.46% stake in the company, worth at least $621 million ( ₹4,606 crore) through a block deal, according to the deal terms seen by Mint. Standard Life (Mauritius Holdings) 2006 Ltd currently owns an 8.88% stake in the life insurance company. Shares …

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