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Name the life insurance company which is acquiring the Exide Life Insurance Company for Rs 6,887 crore in a stock and cash deal?
A)
LIC
B)
Max Life Insurance
C)
SBI Life Insurance
D)
HDFC Life Insurance

Correct Answer :   HDFC Life Insurance


Private sector life insurer HDFC Life has announced to acquire 100 percent stake in Exide Life Insurance Company in a stock and cash deal, for Rs 6,887 crore. Subsequently, the Exide Life will be merged with HDFC Life, subject to regulatory approvals.

Published On : September 4, 2021
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