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HDFC Life announces completion of Exide Life merger

by AIP Online Bureau | Oct 15, 2022 | Indian News, Life, Regulation

“We are delighted to have completed the entire transaction in a short span of time. This merger has been made possible due to the encouragement, timely approvals and support from our regulator – IRDAI and all other authorities involved in the process”...

NCLT approves merger of Exide Life with HDFC Life

by AIP Online Bureau | Sep 17, 2022 | Indian News, Life, Regulation

Earlier this year, HDFC Life had announced acquisition of 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of Rs 685 and a cash payout of Rs 726 crore, aggregating to Rs 6,687 crore New Delhi: The...
HDFC Life completes acquisition of Exide Life; merger to take place shortly

HDFC Life completes acquisition of Exide Life; merger to take place shortly

by AIP Online Bureau | Jan 1, 2022 | Indian News, Life

Vibha Padalkar, MD & CEO, HDFC Life HDFC Life completed the acquisition of 100% stake in Exide Life from Exide Industries through issuance of 8,70,22,222 shares at an issue price of Rs. 685 per share and a cash payout of Rs. 726 crore,aggregating to Rs. 6,687...

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