WebHDFC Life will acquire 100% stake in Exide Life Insurance from Exide Industries via issuance of 8,70,22,222 shares at an issue price of Rs. 685 per share and a cash payout … WebOct 14, 2024 · The Insurance Regulatory Development Authority of India ( IRDAI ) has given the final approval to Exide Life Insurance Company to merge with HDFC Life Insurance Company. This was...
IRDAI Gives Nod To Exide Life To Merge With HDFC Life. What It …
WebOct 15, 2024 · HDFC Life had completed the acquisition of Exide Life in January 2024. The entire transaction from announcement of the deal in September 2024 followed by the acquisition in January 2024 and the eventual merger was completed in less than 14 … WebJan 1, 2024 · The merger of Exide Life into HDFC Life will be initiated shortly," HDFC Life said. With this, Exide Industries now holds a 4.1 per cent stake in HDFC Life. Exide Life's agency-based distribution ... terra casa de shows
HDFC Life CEO explains rationale behind Exide Life Insurance merger
WebOct 13, 2024 · Last year, HDFC Life announced the acquisition of 100 percent 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. Exide Industries now holds 4.1 percent stake in HDFC Life. WebOct 14, 2024 · Insurance sector regulator Irdai has granted final approval to HDFC Life Insurance Company Ltd (HDFC Life) to merge Exide Life into the company. In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore in order to increase its presence in the … WebJan 1, 2024 · HDFC Life completes acquisition of Exide Life; merger to take place shortly The shares were issued at an issue price of Rs 685 per scrip and a cash payout of Rs 726 crore, aggregating to Rs... trick track spacers