HDFC Life to acquire Exide Life Insurance for Rs 6,687 crore in stock and cash deal

Private sector life insurer HDFC Life has announced to acquire 100 percent stake in Exide Life Insurance Company in a stock and cash deal, for Rs 6,887 crore. Subsequently, the Exide Life will be merged with HDFC Life, subject to regulatory approvals.
The Exide Life is a wholly-owned subsidiary of battery maker Exide Industries.
This acquisition will mark one of the first and the largest acquisitions in the life insurance space.
From the total deal value of Rs 6,887 crore, HDFC Life will pay Rs 725 crore in cash, while the balance amount will be in form of shares. HDFC Life will issue 87.02 million equity shares of face value of Rs 10 at a price of Rs 685 per share to Exide Industries Limited.
Post the acquisition, Exide Industries will hold a 4.1 percent stake in merged HDFC Life and mortgage lender HDFC Ltd will hold 47.9 percent. Currently HDFC Ltd. holds 49.9 percent stake in HDFC Life.

Points to Remember:

HDFC Life is acquiring which insurance company in a stock and cash deal?
Which life insurance company is acquiring the Exide Life Insurance Company?
What is the total deal value of acquisition of Exide Life by HDFC Life?
Percentage share of Exide Industries and HDFC Ltd in HDFC Life post acquisition?