Question

Which insurance company has acquired 100% stake in Exide Life Insurance Company?

A HDFC Life Insurance Correct Answer Incorrect Answer
B ICICI Prudential Life Insurance Correct Answer Incorrect Answer
C SBI Life Insurance Correct Answer Incorrect Answer
D Reliance Life Insurance Correct Answer Incorrect Answer
E Max Life Insurance Correct Answer Incorrect Answer

Solution

HDFC Life had acquired 100% stake in Exide Life Insurance Company from its parent Exide Industries for ₹6,687 crore. “This merger has been made possible due to the encouragement, timely approvals and support from our regulator – IRDAI and all other authorities involved in the process

Practice Next
×
×