Pursuant to Regulation 30 read with Schedule III of
Bofa Securities and Standard Life could not be reached immediately for comment.Earlier in the day, in a separate block deal, Standard Life sold 1.3 percent stake in HDFC Life Insurance in a separate block deal.As of March 31, 2020, Standard Life, which falls in the promoter category held 12.25 percent stake in HDFC Life, the shareholding pattern data shows. HDFC holds 51.44 percent in the insurer. The UK based fim has been consistently trimming its stake in the Indian insurer through a series of back to back transactions.Standard Life has been paring its stake in HDFC Life through a number of transactions since last year.
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