Get Free Study Materials
Home   »   CCI approves acquisition of 4.99% stake...

CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank

Posted bySumit Arora Published On October 28th, 2021 Leave a comment on CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank
Featured Image

CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank_4.1

The Competition Commission of India (CCI) has approved the acquisition of 4.99 percent of the outstanding equity share capital in HDFC ERGO General Insurance Company by private sector lender HDFC Bank. HDFC Bank will acquire 3.56 crore shares or 4.99% stake for Rs 1,906 crore from the parent company Housing Development Finance Corporation (HDFC). HDFC ERGO General Insurance Company is a joint venture between HDFC and European insurer ERGO International AG.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The proposed combination will enable the lender to participate in the growth opportunity of HDFC ERGO General Insurance and create long-term value for its shareholders, as per a combination notice filed with the regulator.

Important takeaways for all competitive exams:

  • HDFC Bank Headquarters: Mumbai;
  • HDFC Bank Founded: August 1994;
  • HDFC Bank CEO: Sashidhar Jagdishan;
  • HDFC Bank Tagline: We understand your world.

Find More Business News Here

CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank_5.1

Reliance Brands acquires 40% stake in designer Manish Malhotra's MM Styles_90.1

CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank_7.1
About the Author
Sumit Arora
Sumit Arora
Author

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Trending News

CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank_9.1

Monthly Current Affairs

Recent Posts

Test Prime

IMPORTANT EXAMS

Our Other Websites

Welcome to the Current Affairs Section of Adda247. If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs. All the important updates based on current affairs are included in this Daily Current Affairs 2024 article.

Download Adda247 App

google store

Follow us on

  • youtube
  • facebook
  • twitter
  • telegram
  • linkedin
  • whatsapp
© 2025 Adda247. All rights reserved.