India's HDFC Life Insurance to acquire Exide Life for $915m

India's HDFC Life Insurance to acquire Exide Life for $915m

Photo: Pradeep Gaur/Mint

HDFC Life Insurance said on Friday it will buy the life insurance unit of battery maker Exide Industries for 66.87 billion rupees ($915.50 million), as it seeks to increase its customer base in a largely untapped market.