WebJan 23, 2024 · The Q3 margin came in at 26.8 percent vs 26.8 percent (YoY)," Padalkar told CNBC-TV18. For the uninitiated, HDFC Life Insurance concluded the merger of Exide Life in October 2024, marking the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector. WebOct 15, 2024 · HDFC Life had completed the acquisition of Exide Life in January 2024. The entire transaction from announcement of the deal in September 2024 followed by the acquisition in January 2024 and the eventual merger was completed in less than 14 …
IRDAI approves merger of Exide Life with HDFC Life
WebJan 2, 2024 · HDFC Life completes acquisition of Exide Life; merger to begin shortly 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 WebOct 13, 2024 · Earlier this year, HDFC Life had announced the acquisition of a 100 percent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of Rs 685 and ... proximity commerce
HDFC Life completes acquisition of Exide Life; merger to …
WebThe merger process of Exide Life into HDFC Life will be initiated upon completion of the acquisition, the insurer said. Bengaluru-based Exide Life has a customer base of around … WebOct 13, 2024 · Last year, HDFC Life announced the acquisition of 100 percent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of Rs 685 and a cash payout of Rs 726 crore, aggregating to Rs 6,687 crore. Exide Industries now holds 4.1 percent stake in HDFC Life. WebJan 1, 2024 · HDFC Life Insurance has completed the acquisition of Exide Life by allotting over 8.7 crore shares of the company to Exide Industries, the insurer said on January 1. … restaurant willem albert