Why HDFC Life snapped up Exide Life at a high price2 min read 05 Sep 2021, 09:46 PM IST
Exide Industries would get ₹716 crore upfront cash and 8.7 crore shares of HDFC Life
With a 4.1% stake in HDFC Life, Exide’s shareholders stand to gain more from the merger deal
HDFC Life Insurance Company Ltd is all set to beef up its distribution network and gain a stronghold in the southern states of the country through its acquisition of Exide Life Insurance. However, the question is whether the most valuable private life insurer made a costly bet.
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