HDFC Life to acquire 100% stake in Exide Life Insurance for Rs 6,687 crore
HDFC Life Insurance on Friday announced that its board has approved the acquisition of 100% of the share capital of Exide Life Insurance Company Ltd for a total consideration of Rs 6,687 crore. Exide Life will be subsequently merged into HDFC Life. Out of the aggregate amount, HDFC Life will pay Rs 725 crore in cash and the […]