TIDMSL.

RNS Number : 1466G

Standard Life plc

24 May 2017

Standard Life plc

Recent media reports in India on possible strategic combination involving HDFC Life

Standard Life plc ("Standard Life") notes the announcement today by Housing Development Finance Corporation Limited ("HDFC") with reference to the scheme of amalgamation proposed by HDFC Standard Life Insurance Company Limited ("HDFC Life"), involving HDFC Life, Max Life Insurance Company Limited, Max Financial Services Limited, and Max India Limited. Standard Life notes the announcement by HDFC that HDFC Life has become aware of recent media reports about certain developments on the proposed scheme but has not received any independent confirmation in this regard from any regulator / governmental authority.

24 May 2017

Enquiries:

 
                                  +44 (0) 131 245 8028* 
                                   +44 (0) 7515 298 608 
Institutional Equity Investors 
 Jakub Rosochowski                 +44 (0) 131 245 6466* 
 Neil Longair                      +44 (0) 7711 357 595 
Media                             +44 (0) 131 245 6165* 
 Barry Cameron                     +44 (0) 771 248 6463 
Group Secretariat 
 Paul McKenna                     +44 (0) 131 245 1168* 
 

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LEI: OTMBS544NMO7GLCE7H90

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The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

May 24, 2017 11:32 ET (15:32 GMT)

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