Edition:
India

HDFC To Acquire 51.2% Stake In Apollo Munich Health Insurance


Wednesday, 19 Jun 2019 

June 19 (Reuters) - Housing Development Finance Corporation Ltd ::HOUSING DEVELOPMENT FINANCE CORPORATION-ENTERED INTO AGREEMENTS FOR ACQUIRING UP TO 51.2% OF EQUITY SHARE CAPITAL OF APOLLO MUNICH HEALTH INSURANCE CO.HOUSING DEVELOPMENT FINANCE CORPORATION - CORPORATION GRANTED NO OBJECTION TO PROPOSED MERGER OF APOLLO MUNICH WITH HDFC ERGO GENERAL INSURANCE.HOUSING DEVELOPMENT FINANCE CORP-TOTAL CONSIDERATION IS 13.47 BILLION RUPEES.HOUSING DEVELOPMENT FINANCE CORP-HDFC ERGO APPROVES PRINCIPLE DRAFT SCHEME OF AMALGAMATION OF APOLLO MUNICH WITH HDFC ERGO. 

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