HDFC Life Proposes Rs 1,000 Crore Preferential Issue

HDFC Life seeks shareholder approval via postal ballot for a Rs 1,000 crore preferential issue of equity shares to promoter HDFC Bank.
The company proposes to issue 1.45 crore shares at Rs 688.52 per share to augment its solvency position and support future growth.
The e-voting period is scheduled from April 17 to May 16, 2026, with results to be declared within two working days thereafter.
The proposed allotment will increase HDFC Bank's stake from 50.21% to 50.54% and is subject to an 18-month lock-in period.