Investors believe HDFC Life model more sustainable and balanced: CEO

HDFC Life has been created with a very different business model and investors believe this model is more sustainable and balanced, Amitabh Chaudhry, MD & CEO, HDFC Standard Life said in an interview to CNBC-TV18.

CNBC-TV18

November 17, 2017 / 13:09 IST

HDFC Life has been created with a very different business model and investors believe this model is more sustainable and balanced, Amitabh Chaudhry, MD & CEO, HDFC Standard Life said in an interview to CNBC-TV18.

HDFC Standard Life has raised Rs 8,695 crore through public issue, including Rs 2,322 crore via anchor book.

"We went for a secondary sale as HDFC Life did not need any money. There is no requirement for capital currently," he said.

Promoters will be happy to infuse more capital if required, he added.

Watch accompanying video for more...

CNBC-TV18

first published: Nov 17, 2017 12:54 pm

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