Cabinet Committee on Economic Affairs (CCEA) will take call on the Rs 1,705-crore investment proposal related to transfer of HDFC shares to the UK-based joint venture partner Standard Life in HDFC Standard Life Insurance Company. Based on the suggestions of FIPB, the government has recommended the proposal of HDFC Standard Life Insurance Company for the approval of CCEA, which involves Foreign Direct Investment (FDI) of Rs 1,705 crore, the Finance Ministry said in a statement. .. Read more at: http://economictimes.indiatimes.com/articleshow/50639802.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesCCEA to decide on HDFC’s stake sale in insurance JV.
Industry: Insurance 2016-01-20
