HDFC Life Insurance Company Ltd - Announcement under Regulation 30 (LODR)-Resignation of Director
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| 14 Jan 2021 | |
| We wish to inform that in terms of Article 76.3 of the Articles of Association ('AoA') of the Company, Standard Life (Mauritius Holdings) 2006 Limited ('Standard Life'), one of the Promoters of the Company, had the right to nominate Director(s) on the Board of the Company, subject to maintaining requisite shareholding in the Company, as indicated therein. Consequent to the recent stake sale by Standard Life, their shareholding in the Company has reduced below 10%, and thus they cease to have the right to nominate a Director on the Board of the Company.<BR> <BR> In view of the above, and in accordance with the applicable provisions of the AoA of the Company, Standard Life has withdrawn the nomination of Ms Stephanie Bruce from the<BR> Board of HDFC Life.<BR> <BR> Accordingly, Ms Stephanie Bruce (DIN: 08594969), Non-executive Nominee Director of the Company has tendered her resignation with effect from January 13, 2021. | |
| View all announcements for HDFC Life Insurance Company Ltd | Source: BSE India |
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