Question : HDFC Life Insurance Company Limited promoter Standard Life has recently(29 June) undertaken a sale of over 10 crore equity shares of the company representing _ of the total issued and paid-up equity share capital of the company. Fill in the blank with appropriate option given below –
a. About 5%
b. About 8%
c. 10 percent
d. 12 percent
Ans. a.
Related facts —
- HDFC Life Insurance Company Limited promoter Standard Life has recently(29 June) undertaken a sale of over 10 crore equity shares of the company representing about 5% of the total issued and paid-up equity share capital of the company.
- The Sale is subject to the settlement process prescribed for the stock exchanges under the extant regulation and is expected to be completed on July ,2021.
- After the settlement of the Sale, Standard Life will hold 78,694,105 equity shares (representing approximately 3.89% of the total issued and paid up equity share capital of the company).