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Immediate gains more likely for Exide Industries' stock than HDFC Life

Former gets exit from a non-core capital-intensive business as well as liquidity; merger synergies for latter likely between 12-15 months

HDFC Life Insurance | Exide Life Insurance

Devangshu Datta  |  New Delhi 

Immediate gains more likely for Exide Industries' stock than HDFC Life

The buyout of Exide Life by HDFC Life had an interesting market impact. The share price of HDFC Life dropped 3.25 per cent after rising over 10 per cent in the past 10 sessions. The share price of Exide Industries rose 6.4 per cent.



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First Published: Fri, September 03 2021. 20:30 IST