HDFC Life to acquire Exide Life. Usual business for HDFC Life and Positive for Exide Industries.
Exide Industries today informed that it has decided to divest it’s entire life insurance business stake to HDFC Life Insurance Company. Key points to note – Total transaction value is Rs 6,687 crore. Of this Rs 726 crore is upfront cash and balance as shares in HDFC Life Insurance at Rs 685/ share. Post the … Read more