HDFC Life completes acquisition of Exide Life Insurance

HDFC Life, India's leading private life insurer, has received approval from the IRDAI and CCI to acquire the entire share capital of Exide Life Insurance. This stake was previously held by battery manufacturer Exide Industries.

Since 1 January 2022, Exide Life has operated as a wholly owned subsidiary of HDFC Life.

The transaction is worth 66.87 billion INR (896.24 million USD).