Sat, Oct 15, 2022
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 south India market.
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Sun, Jan 02, 2022
Pursuant to the agreement, there was a cash pay-out of Rs 726 cr and 8,70,22,222 (over 87 million) equity shares at an issue price of Rs 685 per share were allotted to Exide Industries Limited, which now holds 4.1 per cent stake in HDFC Life
Tue, Nov 02, 2021
The Proposed Combination involves acquisition of fully paid-up equity shares, representing 100% of Target by the Acquirer from Exide Industries Limited. After completion of the share acquisition, Exide Life (which will be a wholly owned subsidiary of HDFC Life) is proposed to be merged with HDFC Life
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