Standard Life gets green light to lift stake in HDFC
Updated : 07:39
Standard Life said it had obtained regulatory approvals to increase its stake in HDFC Life to 35% from 26% for £179m.
The transaction is expected to complete within the next two weeks.
"We are delighted that we have obtained the approvals necessary to increase our stake demonstrating our long-term commitment to India and the future success of HDFC Life," said chief executive Keith Skeoch.