HDFC Life Insurance Company Limited
HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings,(Source : 202003 Annual Report Page No: 175)
What HDFC files
- Others51
- Important48
- Investor Meet45
- Board Meeting17
- Updates15
- Dividend/Bonus7
HDFC Life re-appointed Ms Vibha Padalkar as Managing Director & CEO and Mr Niraj Shah as Executive Director & CFO, both for a further term of 5 years.
HDFC Life will issue 1,45,23,906 equity shares via preferential allotment to promoter HDFC Bank. Post-issue, HDFC Bank's stake will rise to 50.27%, solidifying its controlling interest in the company.
HDFC Life granted 8,70,471 and 32,372 employee stock options at Rs 609.75 per share. These options, under ESOPs 2025 & 2022, will vest over 1-3 years, incentivizing employees and aligning interests.
HDFC Life's committee approved raising up to ₹750 Cr via unsecured Non-convertible Debentures on a private placement. These 10-year NCDs will bolster capital and list on NSE's Debt Market, a key move for funding growth.
HDFC Life's Capital Raising Committee will finalize terms for issuing unsecured, subordinated Non-Convertible Debentures (NCDs). This aims to raise up to ₹750 Cr via private placement, following prior Board approval for fund mobilization.