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      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 โ‚น6,687 crore. โ€œThis merger has been made possible due to the encouragement, timely approvals and support from our regulator โ€“ IRDAI and all other authorities involved in the process

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