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Street puts ‘expensive deal’ tag on HDFC Life’s acquisition of Exide Life
Exide’s acquisition has minimal compliments to HDFC Life given its smaller size, it has been losing market share and immediate margins.
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Exide Industries jumps on divestment of life insurance biz
The process for the merger of Exide Life into HDFC Life will be initiated on completion of the acquisition.
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HDFC Life to acquire Exide Life for Rs 6,687 crore; scrip slips 2%
HDFC Life will issue 8,70,22,222 shares at an issue price of Rs 685 per share and a cash payout of Rs 726 crore aggregating to Rs 6,687 crore.
