Highlights of HDFC Life MD, mgmt's comments post Exide Life deal

BY A STAFF REPORTER:- 

Highlights of HDFC Life MD, mgmt's comments post Exide Life deal

* Expect to complete Exide Life deal in 12-18 months 

* Exide Life to be subsidiary of co post acquisition 

* Can use Exide Life brand for 2 years post acquisition 

* Fresh share issue only to existing Exide Life investors 

* Focus on proprietary channel growth even post Exide deal 

* Expect Exide Life to become subsidiary in 4-5 months 

* Product mix to be fairly similar post Exide Life deal 

* Will aim to retain all Exide Life bancassurance partners

Source : Eureka