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New Deal


Announced

HDFC to acquire of Exide Life for $915m.

Financials

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Transaction Value-
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Completed

Majority

Friendly

Single Bidder

life insurance

Domestic

Merger

India

Life Insurance

Synopsis

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HDFC, a life insurance company, agreed to acquire Exide Life, a rival life insurance company, for $915m. "This is a landmark transaction, first of its kind, in the Indian life insurance space. It would enhance insurance penetration and further our purpose of providing financial protection to a wider customer base," Deepak Parekh, HDFC Life Chairman.

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