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By 2017, it was the country's third-largest private sector life insurance company [6] with a 16.5 percent share of total private-sector premiums for the Financial Year 2017 and fourth largest in the life insurance industry based on premium earned and had 66,372 individual agents across India, comprising 6.8 percent of total private agents in ...
HDFC held approx. 48.7% of shares in HDFC Life [24] and was the sole promoter of the company, as of May 2023. [25] In September 2013, it was ranked third in terms of market share of private life insurance companies in India. [15] On the same date, it had a network of approx. 72,000 financial consultants to sell its policies. [15]
Life Insurance Corporation of India: Govt. Mumbai: 1956 2: HDFC Life Insurance Co. Ltd. Private Mumbai: 2000 3: Max Life Insurance Co. Ltd. Private Delhi: 2000 4: ICICI Prudential Life Insurance Co. Ltd. Private Mumbai: 2000 5: Kotak Mahindra Life Insurance Co. Ltd. Private Mumbai: 2001 6: Aditya Birla Sun Life Insurance Co. Ltd. Private Mumbai ...
In March 2017, Standard Life reached an agreement to merge with Aberdeen Asset Management, in an all-share merger, subject to shareholder approval. [21] It was announced that the merged company was to be named Standard Life Aberdeen. [22] This was achieved by Standard Life being renamed Standard Life Aberdeen on 14 August 2017. [23]
In May 2021, Housing Development Finance Corporation (HDFC), entered into a share purchase agreement for the sale of 44,12,000 equity shares of Rs. 10 each, representing 0.62% of the issued and paid-up share capital of HDFC ERGO, in accordance with the direction of Reserve Bank of India to reduce its shareholding in the latter to 50% or below ...
Mistry is also an executive director HDFC, director HDFC ERGO, director HDFC Standard Life Insurance, non-executive & Independent director of HCL Technologies, director BSE, member Advisory Board Cox & Kings, [7] non-executive non-Independent director at HDFC Bank, director at Mahindra Holidays and Resorts India.
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
Abrdn plc (stylised as ‘abrdn’, disemvowelling of "Aberdeen"), [4] formerly Standard Life Aberdeen plc, is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index .