HDFC Life’s keen to expand reach, open to more M&As, says MD Vibha Padalkar

2021-09-04 00:08:18

agreed to buy Exide Life for ₹6,687 crore on Friday, marking one of the largest consolidations in the life insurance industry in recent times. The deal may just be the beginning for HDFC Life which is on the lookout for bigger ones. HDFC Life managing director Vibha Padalkar details the company’s strategy in an interview with Ashwin Manikandan and MC Govardhana Rangan. Edited excerpts:

HDFC Life is the largest private insurer. What was the need for this merger?

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