HDFC Life set to hire 4 banks to manage $500 mn IPO
05/05/2016 14:15
HDFC Standard Life Insurance, India’s third-largest private-sector life insurer, is set to mandate four banks to manage a planned initial public offering (IPO) worth up to USD 500 million, IFR reported on Thursday, citing people close to the deal. HDFC Life will tap Citigroup, JPMorgan, Kotak Investment Banking and Morgan Stanley to handle the listing, expected to take place later this year, added IFR, a Thomson Reuters publication. HDFC Life, JPMorgan, Kotak Investment Banking and Morgan Stanley did not immediately reply to a Reuters request for comment on the listing. Citigroup declined to comment.
05/05/2016 14:15
HDFC Standard Life Insurance, India’s third-largest private-sector life insurer, is set to mandate four banks to manage a planned initial public offering (IPO) worth up to USD 500 million, IFR reported on Thursday, citing people close to the deal. HDFC Life will tap Citigroup, JPMorgan, Kotak Investment Banking and Morgan Stanley to handle the listing, expected to take place later this year, added IFR, a Thomson Reuters publication. HDFC Life, JPMorgan, Kotak Investment Banking and Morgan Stanley did not immediately reply to a Reuters request for comment on the listing. Citigroup declined to comment.
