HDFC Life Insurance Company Limited has informed the Exchange regarding Notice of Postal Ballot
HDFCLIFE · price
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HDFC Life Insurance is seeking shareholder approval via postal ballot for issuing 1,45,23,906 equity shares (Rs 10 face value each) to its promoter HDFC Bank Limited at Rs 688.52 per share, totaling Rs 1,000 crore. The capital infusion is aimed at strengthening the company's solvency position to support future growth and offset equity dilution from employee ESOP exercises. HDFC Bank currently holds 50.21% stake and post-allotment will hold 50.54%. The issue price of Rs 688.52 has been determined as per SEBI ICDR Regulations based on volume weighted average price during 90 trading days preceding the relevant date (April 16, 2026). The new shares will have an 18-month lock-in period and rank pari passu with existing shares. Remote e-voting runs from April 17 to May 16, 2026.
Promoter stake increases marginally from 50.21% to 50.54% with minimal public shareholder dilution (49.77% to 49.44%). The Rs 1,000 crore capital infusion from the promoter strengthens the balance sheet and provides growth capital, which is positive for the company's financial stability.