At the upper end of the price band, HDFC Standard Life Insurance will be valued at Rs58,277 crore. Photo: MintMumbai: Analysts have given a thumbs up to the HDFC Standard Life Insurance Co. Ltd’s Rs8,695 crore initial share sale that opened on Tuesday, citing fair valuations, and better return and margins prospects going ahead, owing to strong prospects for the life insurance industry in the world’s second-most populated country. At the upper end of the price band, HDFC Standard Life Insurance will be valued at Rs58,277 crore. HDFC and Standard Life will fetch Rs5,546.1 crore and Rs3,148.8 crore, respectively. HDFC Standard Life enjoys a market share of 6.8% in FY17 at industry level, and 12.7% among private players.

Source: Mint November 07, 2017 09:11 UTC