The Indian Competition Authority unconditionally approves merger between two life insurance companies without finalizing the market definition because the merger would have low market shares in all potential relevant markets (HDFC Life Insurance / Exide Life Insurance)

A notice was filed by HDFC Life Insurance Company Limited (“Acquirer/HDFC Life”) pursuant to the execution of a Share Purchase and Share Swap Agreement, between HDFC Life, Exide Life Insurance Company Limited (“Target/Exide Life”), and Exide Industries Limited (‘Exide Industries’). The Acquirer and Target are collectively referred to as (“Parties”). The notice envisages an acquisition by HDFC Life of 100% share capital of Exide Life from Exide Industries. As a part of the consideration

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Charanya Lakshmikumaran, Aditya Bhattacharya, L. Badri Narayanan, Neelambera Sandeepan, The Indian Competition Authority unconditionally approves merger between two life insurance companies without finalizing the market definition because the merger would have low market shares in all potential relevant markets (HDFC Life Insurance / Exide Life Insurance), 2 novembre 2021, e-Competitions November 2021, Art. N° 106190

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