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The acquisition at 2.5 times the embedded value (of Exide Life) is still 30-35 per cent cheaper than what other listed life insurers are trading at, Padalkar said. Representational image/Twitter

HDFC Life to take over Exide LIfe for Rs 6.7K cr

Once the share issue happens, Exide Industries will be on-boarded as shareholder in HDFC Life and will have 4.1% stake...

4 Sept 2021 7:56 AM IST