Private sector life insurance company HDFC Standard Life said on Friday it plans to come out with an initial public offer (IPO) in the next financial year.
The IPO is still in the works stated by Mr. Paresh Shreesh Parasnis Executive Director and Principal officer.The IPO timing would depend on the Insurance (Amendment) Bill. The Bill aims to enhance the FDI limit in private insurance firms from 26 percent to 49 percent.
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