Standard Life plc Possible Strategic Combination involving HDFC Life (1466G)
May 24 2017 - 11:32AM
UK Regulatory
TIDMSL.
RNS Number : 1466G
Standard Life plc
24 May 2017
Standard Life plc
Recent media reports in India on possible strategic combination
involving HDFC Life
Standard Life plc ("Standard Life") notes the announcement today
by Housing Development Finance Corporation Limited ("HDFC") with
reference to the scheme of amalgamation proposed by HDFC Standard
Life Insurance Company Limited ("HDFC Life"), involving HDFC Life,
Max Life Insurance Company Limited, Max Financial Services Limited,
and Max India Limited. Standard Life notes the announcement by HDFC
that HDFC Life has become aware of recent media reports about
certain developments on the proposed scheme but has not received
any independent confirmation in this regard from any regulator /
governmental authority.
24 May 2017
Enquiries:
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Barry Cameron +44 (0) 771 248 6463
Group Secretariat
Paul McKenna +44 (0) 131 245 1168*
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LEI: OTMBS544NMO7GLCE7H90
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This information is provided by RNS
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May 24, 2017 11:32 ET (15:32 GMT)
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