Cost-cutting measures by private life insurer HDFC Standard Life Insurance Co. is likely to reduce its planned capital infusion by around Rs.100 crore to Rs.250 crore this fiscal, a top official said Monday.
"The cost-cutting measures are likely to cut the amount of fresh capital required this fiscal to Rs.250 crore as against the initial estimate of Rs.350 crore," said Pranesh Parasnis, principal officer and executive director of HDFC Standard Life. read more news..
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