HDFC Life Insurance Allots 1,45,23,906 Shares to HDFC Bank for ₹1,000 Crore on Preferential Basis

Written by: Team Angel OneUpdated on: 16 Jun 2026, 9:46 pm IST

HDFC Life Insurance Company Limited has allotted 1,45,23,906 shares to HDFC Bank Limited on a preferential basis at a price of ₹ 688.52 per equity share.

HDFC Life Insurance Company Limited has approved the allotment of 1,45,23,906 equity shares to HDFC Bank Limited.

This allocation was made on a preferential basis following a special resolution passed by the company's members.

HDFC Life's Share Allotment to HDFC Bank

On June 16, 2026, HDFC Life Insurance Company Limited allotted 1,45,23,906 fully paid-up equity shares to HDFC Bank Limited.

Each share has a face value of ₹10 and was priced at ₹688.52, totalling approximately ₹1,000 crore.

Reason for Preferential Allotment

The allotment was executed following a special resolution passed by the members of HDFC Life through a postal ballot on May 16, 2026.

This strategic move aligns with the company's capital management objectives.

Timeline of Events

The process began with intimations on April 16 and April 23, 2026. The final approval and allotment were completed by the Board of Directors on June 16, 2026.

Impact on HDFC Life's Capital

Following this allotment, the paid-up equity share capital of HDFC Life stands at ₹21,72,47,49,810, comprising 2,17,24,74,981 equity shares of ₹10 each.

HDFC Life Insurance Share Price Performance

As of June 16, 2026, at 1:54 PM, HDFC Life Insurance share price on NSE was trading at ₹573.50 down by 1.32% from the previous closing price.

Conclusion

HDFC Life Insurance Company Limited's allotment of 1,45,23,906 shares to HDFC Bank Limited for ₹1,000 crore has increased its paid-up equity share capital to ₹21,72,47,49,810. This transaction reflects the company's strategic financial planning.

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Published on: Jun 16, 2026, 4:14 PM IST

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