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HDFC Life Declines 3% Post Acquisition Of Exide Life Insurance
03 Sep 2021, 01:38 PM IST 
As of 1:30 pm, HDFC Life shares were trading at Rs 735, lower by 3.14 per cent, on the BSE
HDFC Life Insurance Company shares nosedived more than 3 per cent on the BSE after the company announced the acquisition of Exide Life Insurance, a wholly-owned subsidiary of Exide Industries, for Rs 6,687 crore. HDFC Life will acquire 100 per cent stake in Exide Life Insurance for Rs 6,687 crore, out of which Rs 725.97 crore will be paid in cash and the remaining amount through a share issue. As of 1:30 pm, HDFC Life shares were tra...
