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Housing Dev Fin Corp (43FN)

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Friday 10 November, 2017

Housing Dev Fin Corp

Offer price for proposed IPO of HDFC Standard Life

RNS Number : 1838W
Housing Development Fin. Corp. Ltd.
10 November 2017

Ref. No.: SE/2017-18/238


November 10, 2017


BSE Limited                                                                 National Stock Exchange of India Limited

P. J. Towers                                                                 Exchange Plaza, Plot No. C/1, G Block

Dalal Street                                                                   Bandra-Kurla Complex

Mumbai 400 001                                                            Bandra (East), Mumbai 400 051


Kind Attn: Sr. General Manager                                               Kind Attn: Head - Listing

DCS - Listing Department


Dear Sirs,


Sub:  Offer price under the proposed Initial Public Offering of HDFC Standard Life Insurance Company Limited


With reference to our earlier communication in relation to the captioned subject, we wish to inform you that HDFC Standard Life Insurance Company Limited (HDFC Life), the Corporation and Standard Life (Mauritius Holdings) 2006 Limited, in consultation with Global Co-ordinators and Book Running Lead Managers (GCBRLM) and the Book Running Lead Managers (BRLM) to the Initial Public Offering (IPO) of HDFC Life, have finalized the Offer Price (including the Anchor Investor Offer Price) at ` 290 per Equity Share of HDFC Life.


Accordingly, the size of the  IPO  aggregates to ` 8,695.01 crore consisting of 29,98,27,818 equity shares of` ` 10 each of HDFC Life, subject to finalization of Basis of Allotment.


We request you to kindly take the same on record.


Thank you,


Yours faithfully,

For Housing Development Finance Corporation Limited



Ajay Agarwal

Company Secretary


Cc: London Stock Exchange,

10, Paternoster Square, London, EC4M7LS.


The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. The Equity Shares have not been and will not be registered under the US Securities Act of 1933 ("U.S. Securities Act") or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable United States state securities laws.

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