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:
Tamil Nadu Chief Minister M.K. Stalin announced that the state will soon officially declare May…
Every year on May 6, the world observes International No Diet Day, a global initiative…
World Athletics Day 2025, celebrated globally on May 7, continues its tradition of promoting athletic…
Argentina and the global football community are mourning the loss of Luis Galván, a key…
In the context of rising cross-border tensions and recent military responses such as Operation Sindoor,…
In a significant development in the Indian banking sector, Japan’s Sumitomo Mitsui Banking Corporation (SMBC)…
![](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"/>)
