Investor Presentaiton
Exide Life transaction timeline
Step 1:
Announcement of
transaction
(Sep 3, 2021)
Step 3:
Application filed with IRDAI
and CCI for acquisition,
ongoing interactions
Step 5:
Integration Phase-1 (9-
12 months)
Step 7:
Final IRDAI approval
for merger (expected
in H2 FY23)
₹
HY
1.
32
山
Step 2:
Shareholders' approval
for issuance of shares
(Sep 29, 2021)
Step 4:
Receipt of approvals.
Exide Life becomes 100%
subsidiary of HDFC Life
(Jan 1, 2022)
Step 6:
Approval obtained from
NCLT¹ for triggering the
merger process,
including intimations to
various regulatory
authorities and related
NOCS (Jun 27, 2022)
Step 8:
Integration
Phase-2 (12-18
months post
merger)
Completed
WIP
To be initiated
Final NCLT approval to be received post receipt of NOCs from regulatory authorities
HDFC
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