 "Exide Industries soars 14% on divestment of Life Insurance biz to HDFC Life")
Shares of Exide Industries hit a high of Rs 202.95, up 14 per cent in early morning trades, on the divestment of the company's entire stake in Exide Life Insurance Company, by way of sale to HDFC Life Insurance Company for a total consideration of Rs 6,687 crore. Exide Life Insurance Company is a material wholly owned subsidiary of the Exide Industries.
On the other hand, HDFC Life was down 4 per cent at Rs 728.55 on the BSE on profit booking. The stock had hit a record high of Rs 775.65 on Thursday. In past nine trading
On the other hand, HDFC Life was down 4 per cent at Rs 728.55 on the BSE on profit booking. The stock had hit a record high of Rs 775.65 on Thursday. In past nine trading
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