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Standard Life News

Competition Commission of India

15 Oct 2015

CCI clears Standard Life's additional stake buy in HDFC Life

The British firm would be increasing its stake to 35 percent from 26 percent as the Indian government has allowed up to 49 percent FDI in the domestic insurance sector.

14 Aug 2015

HDFC to sell 9% stake in HDFC Life to UK firm for over Rs 1700 crore

HDFC on Friday said it will sell 9 percent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore.

25 Jun 2015

Standard Life shuts Singapore insurance business

The closure will generate a non-operating loss of around 45 million pounds ($70.56 million), Standard Life said in a statement.

29 Apr 2015

HDFC Life listing only after Standard Life stake hike

A senior official of mortgage lender HDFC said Wednesday that a decision to list its life insurance arm, HDFC Life, will be taken only after its joint venture partner Standard Life hikes its stake in the company.

asset management

20 Feb 2015

Standard Life operating profit jumps, annuity sales hit

A move into asset management helped to drive a 19 percent rise in operating profit for Standard Life in 2014, offsetting a hit to annuity sales from British pension reforms.

04 Sep 2014

Standard Life says sells Canadian assets for £2.2bn

British financial services provider Standard Life has agreed to sell its Canadian activities to Manulife of Canada for £2.2 billion ($3.6 billion, 2.8 billion euros), it said on Thursday.

01 Sep 2014

HDFC Life launches Health Assure Plan

Private insurer HDFC Life on Monday launched a health insurance product Health Assure Plan that aims to provide a comprehensive health cover.

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