The 100% acquisition of Exide Life will be through issuance of 8,70,22,222 shares at an issue price of Rs 685 per share and a cash pay-out of Rs 726 crore. The entire process, including the acquisition and subsequent merger, is subject to obtaining the relevant regulatory approvals, HDFC Life said in a statement on Friday.source https://economictimes.indiatimes.com/industry/banking/finance/insure/hdfc-life-acquires-exide-life-in-stock-and-cash-deal-worth-rs-6687-crore/articleshow/85890697.cms
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