ADVERTISEMENT
HDFC Life Completes Acquisition Of Exide Life, Merger Soon
01 Jan 2022, 08:37 PM IST 
Shares were issued at an issue price of Rs 685 per scrip and a cash payout of Rs 726 crore
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 Saturday. The Capital Raising Committee of the board has vide its resolution dated January 1, 2022, allotted 8,70,22,222 equity shares of the company to Exide on a preferential basis, and the company has completed the acquisition of 100 per cent shareholding of Exide Life from Exid...
