HDFC Life Insurance Company has announced a ₹1,000 crore fundraise through a preferential issue of equity shares to its promoter, HDFC Bank Limited. The insurer will issue 1,45,23,906 equity shares with a face value of ₹10 each at a price of ₹688.52 per share.
The proposed issuance will be carried out on a private placement basis in line with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has set April 16, 2026 (IST) as the relevant date for determining the floor price of the issue. The transaction remains subject to shareholder approval through a postal ballot, along with other required regulatory clearances.
Post allotment, the shareholding of HDFC Bank Limited in HDFC Life Insurance Company will see a marginal increase. The bank currently holds a 50.21% stake, which is expected to rise to 50.54% after the preferential issue, further consolidating its promoter position in the company.
The entire ₹1,000 crore capital infusion will be through equity shares, with no convertible instruments involved in the deal. The pricing of ₹688.52 per share is in compliance with SEBI norms governing preferential allotments.