Standard Life seeks approval to raise stake in India's HDFC Standard Life

August 14, 2015 7:51 PM

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Aug 14 British insurer and asset manager Standard Life plc said on Friday that it is seeking approval from Indian regulatory authorities to increase its stake in India's HDFC Standard Life Insurance Company Ltd.

Standard Life is seeking an increase in stake from 26 percent to 35 percent for a total consideration of about 169 million pounds ($264.45 million).

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