HDFC Life announces completion of Exide Life Merger
Oct 15, 2022
Mumbai (Maharashtra) [India], October 15 (ANI/NewsVoir): On October 14, 2022, HDFC Life, one of India's leading life insurers, announced the merger with its wholly owned subsidiary Exide Life, pursuant to the receipt of the final approval from Insurance Regulatory and Development Authority of India (IRDAI). This event marks the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector. HDFC Life completed the acquisition of Exide Life in January 2022.