HDFC Life Acquisition Of Exide Life - Looking 'Beyond The Obvious': ICICI Securities
Two people shake hands. (Photographer: Daniel Acker/Bloomberg)

HDFC Life Acquisition Of Exide Life - Looking 'Beyond The Obvious': ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

The acquisition of Exide Life Insurance Company Ltd. by HDFC Life Insurance Company Ltd., if completed, will become the first merger and acquisition in the Indian life insurance space.

The Managing Director of HDFC Life, in the company’s conference call, suggested to look 'beyond the obvious' to understand the investment rationale.

We try to understand the possible drivers of this acquisition and its implications for the industry.

This report also throws light on the possible acquisition candidates ahead in the insurance space.

In addition, we have put the life insurance agency map and key proforma figures for the combined entity (HDFC Life and Exide Life).

Click on the attachment to read the full report:

ICICI Securities Life Insurance Update.pdf

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