WebSep 3, 2024 · Post merger of Exide Life with HDFC Life, the shareholding pattern of the latter will be - HDFC Ltd 47.9 per cent, Exide Industries 4.1 per cent and Others 48 per cent. WebOct 14, 2024 · Insurance sector regulator Irdai has granted final approval to HDFC Life Insurance Company Ltd (HDFC Life) to merge Exide Life into the company. In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore in order to increase its presence in the …
IRDAI Gives Nod To Exide Life To Merge With HDFC Life. What It …
WebJan 1, 2024 · 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 January 1. … WebJan 23, 2024 · The Q3 margin came in at 26.8 percent vs 26.8 percent (YoY)," Padalkar told CNBC-TV18. For the uninitiated, HDFC Life Insurance concluded the merger of Exide Life in October 2024, marking the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector. servicenow grc audit management
Will Apply To Nclt For Completing Merger With Exide Life: Hdfc Life ...
WebJan 1, 2024 · The merger of Exide Life into HDFC Life will be initiated shortly," HDFC Life said. With this, Exide Industries now holds a 4.1 per cent stake in HDFC Life. Exide Life's agency-based distribution ... WebSep 3, 2024 · HDFC Life Insurance, on September 3, announced that it would acquire the 100 percent stake in Exide Life Insurance from Exide Insurance. HDFC Life’s MD & … WebSep 16, 2024 · The National Company Law Tribunal (NCLT) on Friday approved the merger of Exide Life Insurance with HDFC Life Insurance, a stock exchange filing by HDFC Life said. The NCLT has sanctioned the ... the term gangrene literally means