HDFC Life to take over Exide LIfe for Rs 6.7K cr
3 years, 3 months ago

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

Deccan Chronicle  

Mumbai: Private life insurer HDFC Life Insurance on Friday said it will fully acquire Exide Life Insurance for Rs 6,687 crore. As many as 8.7 crore shares of HDFC Life will be issued, at Rs 685 per share, to Exide Industries Ltd, the holding company of Exide Life. Once the share issue happens, Exide Industries will be on-boarded as a shareholder in HDFC Life and will end up having a 4.1 per cent stake in the merged entity. Exide Life Insurance Company Limited, a 100 per cent owned subsidiary of Exide Industries Limited has 36,700 agents and has presence across the country through a wide 200+ branch network, a customer base of 11.9 lakh and assets over Rs 18,781 crore as on June 30, 2021.

Life Share Crore Cent Hdfc Hdfc Life Exide Exide Industries Exide Life  insurance  cr  crore  life  share  exide  stake  lakh  hdfc  cent  67k  rs

History of this topic

Hdfc Life Share Price Today on 13-11-2024: Hdfc Life share price are down by -2.19%, Nifty down by -1.36%
1 month, 1 week ago

Hdfc Life Share Price Today on 13-11-2024: Hdfc Life share price are down by -2.19%, Nifty down by -1.36%

Live Mint  

Hdfc Life Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Hdfc Life shares are trading at price ₹685.1, -2.19% down from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at …

Hdfc Life Share Price Today on : Strong Bullish Trend, Key Resistance & Support Levels
Trending News
2 months ago

Hdfc Life Share Price Today on : Strong Bullish Trend, Key Resistance & Support Levels

Live Mint  

Hdfc Life share price is trading slightly up today, with a price change of 0.11%. The stock has hit a high of ₹755.45 and a low of ₹742.8 during the day, but it is currently trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 …

HDFC Life Insurance Net Profit Soars 15% in Q2
2 months, 1 week ago

HDFC Life Insurance Net Profit Soars 15% in Q2

The Hindu  

HDFC Life Insurance Company Ltd. reported a significant increase in its standalone net profit in the second quarter of fiscal 2025. The net profit increased by 15%, reaching ₹433 crore. This is a 15% increase from the previous year's profit of ₹377 crore. The standalone net premium income also increased by 12.3%, reaching ₹16,570 crore. The company's total Assets Under …

Record Year For Life Insurance Sector: Policies Jump, 31% Increase In Premium, Check Latest Details
6 months, 1 week ago

Record Year For Life Insurance Sector: Policies Jump, 31% Increase In Premium, Check Latest Details

News 18  

The Life Insurance Council has released updated industry business numbers for May 2024. New business premiums expanded from Rs 23,448 Crs in May 2023 to Rs 27,034 Crs in May ’24, with YTD collections growing even more from Rs 36,043 Crs to Rs 47,293 Crs this year. According to data released by the Life Insurance Council, the life insurance industry …

LIC reduces stake in HDFC Asset Management Company to 7% from 9.04%
1 year ago

LIC reduces stake in HDFC Asset Management Company to 7% from 9.04%

Live Mint  

Life Insurance Corporation of India has decreased its shareholding in leading asset management firm HDFC Asset Management Company by buying additional shares via open market transactions. On Friday, LIC informed in a regulatory filing to the stock exchanges that it has decreased its shareholding in HDFC Asset Management Company from 1,93,11,744 to 1,48,44,466 equity shares. ‘’Pursuant to Regulation 30 of …

SBI Life Q2 Results: Net profit jumps to ₹380 crore, income rises 21.7%
1 year, 1 month ago

SBI Life Q2 Results: Net profit jumps to ₹380 crore, income rises 21.7%

Live Mint  

India's SBI Life Insurance Co Ltd reported a near-flat quarterly profit on Friday as higher expenses offset a surge in premium income. SBI Life, one of India's largest life insurers, reported profit after tax of 3.8 billion rupees for the three months ended Sept. 30, compared with 3.77 billion rupees a year earlier. Net premium income rose 21.7% to 200.5 …

HDFC Life Insurance Company Q2 FY24 results: profit rise by 14.95% YOY
1 year, 2 months ago

HDFC Life Insurance Company Q2 FY24 results: profit rise by 14.95% YOY

Live Mint  

HDFC Life Insurance Company declared their Q2 FY24 results on 13 Oct, 2023. HDFC Life Insurance Company has delivered 0.05% return in the last 1 week, 17.45% return in the last 6 months, and 10.31% YTD return. Currently, the HDFC Life Insurance Company has a market cap of ₹134270.1 Cr and a 52wk high/low of ₹690.85 & ₹457.8 respectively. As …

HDFC Life Insurance Q1: Net profit rises 15% to ₹415 crore; check details
1 year, 5 months ago

HDFC Life Insurance Q1: Net profit rises 15% to ₹415 crore; check details

Live Mint  

HDFC Life Insurance on July 21 reported a net profit of ₹415 crore for the April-June quarter of FY24, up by 15 percent from ₹361 crore recorded in the year-ago period. The net premium income of the insurer came in at ₹11,479 crore, up 16.5 per cent in the first quarter of current fiscal, from ₹9,847 crore in the year-ago …

Bulk deals: HDFC Life, Sapphire Foods, others exchange hands. Check details here
1 year, 5 months ago

Bulk deals: HDFC Life, Sapphire Foods, others exchange hands. Check details here

Live Mint  

Housing Development Finance Corporation on Tuesday increased its stake in its life insurance arm—HDFC Life Insurance. According to bulk deals data on NSE, HDFC on Tuesday bought 1,48,80,000 shares of HDFC Life Insurance at an average price of ₹667.10 per piece, valuing the deal at ₹993 crore. After getting approval from the Competition Commission of India to raise HDFC’s stake …

CCI Grants Approval To HDFC's Stake Acquisition In HDFC Life Insurance And HDFC Ergo General Insurance
1 year, 5 months ago

CCI Grants Approval To HDFC's Stake Acquisition In HDFC Life Insurance And HDFC Ergo General Insurance

Live Law  

In a Press Release, the Competition Commission of India has given its approval for the proposed combination involving Housing Development Finance Corporation Limited acquiring additional shares of HDFC Life Insurance Company Limited and HDFC ERGO General Insurance Company Limited. HDFC Life is a life insurance company offering various life insurance and investment products registered with the Insurance Regulatory and Development …

HDFC Life gets Rs 942-crore GST demand notice
1 year, 6 months ago

HDFC Life gets Rs 942-crore GST demand notice

India TV News  

HDFC Life Insurance on Friday said it has received a demand notice of more than Rs 942 crore for non-payment of GST. "HDFC Life Insurance Company has received a show cause cum demand notice from the Directorate General of GST Intelligence, Mumbai Zonal Unit asking the Company to show cause why a tax of Rs 942,18,46,028 pertaining to the period …

HDFC Bank to keep home loans as focus of growth strategy post merger
1 year, 6 months ago

HDFC Bank to keep home loans as focus of growth strategy post merger

The Hindu  

HDFC Bank Ltd. will keep home loans at the centre of its growth strategy after a merger with HDFC Ltd. is concluded, with such credit likely to make up nearly a third of the bank's portfolio going forward, two senior officials at the group said. The pace of growth in home loans will broadly mirror growth seen in HDFC's home …

Stocks to Watch: Infosys, Mindtree, Reliance, HDFC Life, Tata Steel
2 years, 2 months ago

Stocks to Watch: Infosys, Mindtree, Reliance, HDFC Life, Tata Steel

Live Mint  

Here is the list of the top 10 stocks that will be in focus today: Infosys: India's second-largest IT services company Infosys on Thursday posted a better-than-expected 11% rise in consolidated net profit at ₹6,021 crore for the September quarter and announced a buyback of shares worth ₹9,300 crore. ONGC: A consortium led by ONGC Videsh Ltd, and comprising other …

HDFC Life to acquire Exide Life for Rs 6,687 crore
3 years, 3 months ago

HDFC Life to acquire Exide Life for Rs 6,687 crore

India TV News  

HDFC Life Insurance Company Limited on Friday announced the acquisition of Exide Life Insurance Company Ltd from Exide Industries Ltd for Rs 6,687 crore. The total cost will be met by HDFC Life by issuing 8,70,22,222 shares on preferential basis at a price of Rs 685 per share to Exide Industries and a cash of about Rs 726 crore totaling …

HDFC Life joins hands with Yes Bank to sell insurance policies
4 years, 3 months ago

HDFC Life joins hands with Yes Bank to sell insurance policies

Live Mint  

HDFC Life Insurance on Tuesday said it has joined hands with corporate agency agreement with Yes Bank to offer a comprehensive bouquet of life insurance solutions to the bank's customers across the country. As part of the agreement, HDFC Life’s diverse range of life insurance products will be offered to the customers of Yes Bank through the bank’s branches spread …

SBI Life and HDFC Life show lockdown hit in Q1, ICICI Prulife fares better
4 years, 5 months ago

SBI Life and HDFC Life show lockdown hit in Q1, ICICI Prulife fares better

Live Mint  

The weak first-quarter show from India’s private sector life insurance companies was along expected lines as the nationwide lockdown made premium collections challenging and hit product sales. The largest private insurance company, SBI Life Insurance Co. Ltd, reported a 29% fall in its value of new business, while the most valuable, HDFC Life Insurance Co. Ltd, reported an even steeper …

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