HDFC Life Allots ₹1,000 Crore Worth Shares to HDFC Bank
Mumbai, June 16, 2026: HDFC Life Insurance Company Ltd. has allotted 1,45,23,906 equity shares to its promoter, HDFC Bank Ltd., on a preferential basis, raising approximately ₹1,000 crore.
According to a regulatory filing submitted to the NSE and BSE on Tuesday, the Board of Directors of HDFC Life approved the allotment following the receipt of necessary regulatory clearances and shareholders' approval through a postal ballot conducted on May 16, 2026.
The company allotted 1,45,23,906 fully paid-up equity shares having a face value of ₹10 each at an issue price of ₹688.52 per share, aggregating to nearly ₹1,000 crore.
HDFC Bank Strengthens Stake in HDFC Life
The preferential allotment has been made to HDFC Bank Limited, which is the promoter of HDFC Life Insurance Company.
The transaction follows earlier disclosures made by the insurer on April 16 and April 23, 2026, regarding the proposed capital infusion.
Paid-Up Capital Rises After Share Allotment
Following the allotment, HDFC Life's paid-up equity share capital has increased to ₹21,72,47,49,810, comprising 2,17,24,74,981 equity shares with a face value of ₹10 each.
The company informed stock exchanges that the development is being disclosed for information and wider dissemination.
The filing was signed by Nagesh Pai, Company Secretary and Compliance Officer of HDFC Life Insurance Company Limited.