Mumbai, June 16 -- HDFC Life Insurance Company has allotted 1,45,23,906 fully paid-up equity shares of face value of Rs 10/- each, at a price of Rs 688.52 per equity share aggregating to approx. Rs 1,000 crore, on a preferential basis to HDFC Bank, the promoter of the Company.

Pursuant to the above allotment, the paid-up equity share capital of the Company stands at Rs 21,72,47,49,810 comprising of 2,17,24,74,981 equity shares of face value of Rs 10/- each.

Published by HT Digital Content Services with permission from Capital Market....