![CCI approves acquisition of 100% shareholding in Exide Life by HDFC Life](https://www.gkseries.com/blog/wp-content/uploads/2021/11/download-2021-11-03T112726.991.jpg)
The Competition Commission of India (CCI) approves acquisition by HDFC Life Insurance Company (Acquirer) of 100% shareholding in Exide Life Insurance Company Limited (Target) under Section 31(1) of the Competition Act, 2002.
After the acquisition, Exide Life will become a wholly-owned subsidiary of HDFC Life.
It is proposed to merge Exide Life with HDFC Life.