Possible Strategic Combination involving HDFC Life

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:

Institutional Equity Investors Jakub Rosochowski Neil Longair	[phone]* [phone] [phone]* [phone]
Media Barry Cameron	[phone]* [phone]
Group Secretariat Paul McKenna	[phone]*

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