The company said the proposal is subject to shareholder approval and necessary statutory and regulatory clearances, according to an exchange filing on Thursday.
The board will also consider and approve the company’s audited financial results for the quarter and year ended March 31, 2026, along with a recommendation on the final dividend for FY26.
HDFC Life had earlier informed exchanges about the board meeting to review its financial performance, and has now added the fundraising proposal to the agenda.
The potential capital raise comes as insurers look to strengthen their balance sheets and support future growth.
Shares of the company closed 0.86% lower at ₹593.15 ahead of the announcement on Thursday. The stock has declined more than 21% over the last six months.
