The Capital Raising Committee of the Board of HDFC Life Insurance Company Limited has vide its decision dated September 9, 2022, allotted 3,57,94,824 equity shares of the Company at a value of ₹ 558.74 per equity share (together with premium of ₹ 548.74 per equity share) aggregating to ₹ 19,999,999,961.76/- (Rupees One Thousand Nine Hundred and Ninety Nine Crore Ninety Nine lakh Ninety Nine Thousand Nine Hundred and Sixty One Rupees and Seventy Six Paisa solely) to Housing Development Finance Corporation Limited, one of many promoters of the Company, on preferential foundation.
Post the above allotment, paid-up equity share capital of the Company stood at ₹ 21,490,547,510 comprising of two,149,054,751 equity shares of face worth of ₹ 10 every.
Source : Equity Bulls
Keywords
HDFCLifeInsurance
SharesAllotment
PreferentialIssue
HDFC
FundRaising
