HDFC Standard life Insurance on Wednesday said it is open to any kind of acquisition, including of Max life if the ‘structural issues’ that hampered its earlier deal are resolved. “That problem was more to do with the structural issue and obviously Max has to solve that. So if they can solve their problem, which is not easy, and they are ready for this (merger) sometime in future then we will look at it,” HDFC life MD & CEO Amitabh Chaudhry told reporters for the insurer’s upcoming IPO next week.
Its IPO will hit the capital market next week fetching promoters about Rs 8,700 crore. The IPO that opens on November 7, has a price band of Rs 275-290 per equity share, in which promoters HDFC ltd and Standard life will dilute 9.52% and 5.4% respectively in their Jt venture HDFC life.