CCI approves 100% acquisition of shareholding in Exide Life Insurance by HDFC Life
The Proposed Combination involves acquisition of fully paid-up equity shares, representing 100% of Target by the Acquirer from Exide Industries Limited. After completion of the share acquisition, Exide Life (which will be a wholly owned subsidiary of HDFC Life) is proposed to be merged with HDFC Life
HDFC Life has two wholly owned subsidiaries, namely, HDFC Pension Management Company Limited and HDFC International Life and Re Company Limited