# HDFC Life Insurance share price declined 4% after announcing plans to raise Rs 1,000 crore from HDFC Bank via preferential issue.

*fintech · news · 2026-04-17 · The Economic Times*

## Key points

- HDFC Life will raise Rs 1,000 crore from HDFC Bank via a preferential share issue.
- Value of new business declined 8% YoY, missing estimates, mainly due to banca channel slowdown.
- Nomura cut its target price to Rs 725, citing increased competition and core market saturation concerns.
- Brokerages lowered growth estimates for FY27-FY28, anticipating only a gradual recovery in VNB and APE.

**Companies:** HDFC Bank, HDFC Life Insurance
**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/hdfc-life-insurance-shares-in-focus-on-strong-q4-what-are-morgan-stanley-and-goldman-sachs-saying/articleshow/130322038.cms)

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