HDFC Life has announced to acquire a 100 per cent stake in Exide Life Insurance Company in a stock and cash deal, for Rs 6,887 crore. Subsequently, Exide Life will be merged with HDFC Life, subject to regulatory approvals. Exide Life is a wholly-owned subsidiary of battery maker Exide Industries. This acquisition will mark one of the first and the largest acquisitions in the life insurance space.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
About the deal:
Important takeaways for all competitive exams:
The Reserve Bank of India (RBI) has developed the Supervisory Data Quality Index (sDQI) to…
In a landmark decision, the Government of India has extended retirement and death gratuity benefits…
There are thousands of rivers in the world, each with different sizes and lengths. Some…
A newly emerging COVID-19 variant, NB.1.8.1, informally known as Nimbus, is gaining global attention due…
Tomatoes are one of the most commonly used vegetables around the world. They are rich…
Cranberries are small, red and tart berries that are liked by many people all over…
![](data:image/svg+xml;charset=utf-8,<svg height="169px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
