 "Vibha Padalkar, HDFC Life MD & CEO")
On Friday, HDFC Life announced it will acquire a 100 per cent stake in Exide Industries promoted Exide Life Insurance for Rs 6,687 crore, which it said will help it to grow its proprietary business further. Vibha Padalkar, MD & CEO, HDFC Life spoke to Subrata Panda on the contours of the deal and how it will help HDFC Life consolidate its position in the industry and the synergies they will draw from this acquisition. Edited Excerpts:
Besides proprietary business, what propelled the acquisition of Exide Life?
One is that the back book (old premium-paying policies on the books) is
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