HDFC Life Insurance Company Limited announced on June 16, 2026, the board’s approval for the allotment of 1,45,23,906 fully paid-up equity shares to its promoter, HDFC Bank Limited. This allotment, on a preferential basis, is at a price of ₹688.52 per share, aggregating to approximately ₹1,000 crore. This move follows a special resolution passed by members and receipt of regulatory approvals, further solidifying HDFC Bank’s stake.
HDFC Life Announces Preferential Share Allotment
HDFC Life Insurance Company Limited has formally announced the approval of its Board of Directors for the allotment of 1,45,23,906 equity shares to its promoter, HDFC Bank Limited. This significant transaction, dated June 16, 2026, was carried out on a preferential basis.
Key Transaction Details
The allotment involves fully paid-up equity shares, each with a face value of ₹10/-. The shares were issued at a premium price of ₹688.52 per equity share. The aggregate value of this transaction amounts to approximately ₹1,000 crore. This decision aligns with the special resolution passed by the company’s members through a postal ballot on May 16, 2026, and has also secured necessary regulatory approvals.
Impact on Share Capital
Following this allotment, the total paid-up equity share capital of HDFC Life Insurance Company Limited now stands at ₹21,72,47,49,810. This capital is comprised of 2,17,24,74,981 equity shares, each with a face value of ₹10/-.
Source: BSE
