HDFC Life Allots Over 14 Million Equity Shares to HDFC Bank at Premium Price
HDFC Life Insurance Company Limited announced the allotment of equity shares to its promoter, HDFC Bank Limited, completing a major transaction that has updated the company's share capital structure.The Board of Directors of HDFC Life Insurance Company approved the allocation of 14,523,906 fully paid-up equity shares to HDFC Bank Limited on June 16, 2026. This action followed a special resolution passed by the members through postal ballot on May 16, 2026.
The allotment was executed on a preferential basis. The details of the transaction are as follows:
| Detail | Value |
|---|---|
| Recipient | HDFC Bank Limited (Promoter) |
| Number of Shares Allotted | 14,523,906 |
| Face Value per Share | ₹ 10/- |
| Allotment Price per Share | ₹ 688.52 |
| Total Aggregation Value (Approx.) | ₹ 1,000 crore |
Following the completion of this allotment, HDFC Life Insurance Company's paid-up equity share capital now stands at ₹ 21,72,47,49,810. The company holds a total of 2,17,24,74,981 equity shares, each having a face value of ₹ 10/-.
HDFCLIFE Stock Price Movement
As of 12:56 PM, shares of HDFC Life Insurance Company Limited are shedding 1.45% in live trading, currently priced at ₹572.75 as they move down from the previous close. The stock trades amid high activity, with 1.32 million shares registered so far during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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