Premji Eyes Stake in HDFC Standard Life Insurance: Report

Premji Invest, the family investment arm of Wipro chairman Azim Premji, is likely to buy a stake in HDFC Standard Life Insurance, according to a media report. The likely investment will mark the billionaire's entry into the insurance business. Reports quoting sources said that Premji Invest is likely to purchase 1 per cent stake in HDFC Standard Life Insurance for Rs 185 crore, valuing the insurer at Rs 18,500 crore. The inve...