New Enroll in RBI Grade B New Batch - Starts on May 21

    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

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