HDFC Life Insurance Company is currently trading at Rs. 620.55, up by 3.40 points or 0.55% from its previous closing of Rs. 617.15 on the BSE.
The scrip opened at Rs. 623.80 and has touched a high and low of Rs. 632.50 and Rs. 601.50 respectively. So far 378796 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 646.40 on 31-Oct-2019 and a 52 week low of Rs. 339.15 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 632.50 and Rs. 589.40 respectively. The current market cap of the company is Rs. 123997.42 crore.
The promoters holding in the company stood at 63.69%, while Institutions and Non-Institutions held 27.15% and 9.16% respectively.
HDFC Life Insurance Company is planning to raise up to Rs 600 crore through issue of up to 6,000 unsecured, rated, listed, subordinated, redeemable, non-convertible fully paid-up debentures (NCDs). The company will raise money in one or more tranches, on a private placement basis. The meeting of the capital raising committee (CRC) of the board of directors of the company is scheduled to be held on July 23, 2020 to consider and approved the same.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children’s and Women’s Plan.
