Exides

MUMBAI: HDFC Life has agreed to buy Exide Life Insurance for Rs 6,687 crore, of which Rs 726 crore would be paid in cash. The rest would be paid by issuing 8.7 crore shares of HDFC Life to the target company’s parent. This makes it the…

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HDFC Life will acquire a 100 per cent stake in Exide Life Insurance from Exide Industries through the issuance of 87 million shares at an issue price of ₹685 per share. By hindustantimes.com | Written by Meenakshi Ray, New Delhi…

BENGALURU: HDFC Life Insurance said on Friday it will buy the life insurance unit of battery maker Exide Industries for Rs 6,687 crore ($915.50 million), as it seeks to increase its customer base in a largely untapped market. The deal will…