scorecardresearchNCLT approves merger of Exide Life with HDFC Life

NCLT approves merger of Exide Life with HDFC Life

Updated: 17 Sep 2022, 09:12 AM IST
TL;DR.
Earlier this year, HDFC Life had announced acquisition of 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of 685 and a cash payout of 726 crore, aggregating to 6,687 crore.
IRDAI proposes to mandate dematerialisation of new insurance policies (iStockphoto)

IRDAI proposes to mandate dematerialisation of new insurance policies (iStockphoto)