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:
Did you know that tamarind is one of the most widely used tropical fruits in…
Did you know that olives have been grown for thousands of years and are considered…
Honorable President Droupadi Murmu on March 2 2026, launched four women-centric welfare schemes of the…
Varanasi has entered the Guinness World Records by planting 2,51,446 saplings within one hour. The…
The former Australia Captain Alyssa Healy retired from all forms of cricket. When Alyssa Healy…
Just days before the arrival of eight Botswana cheetahs, a major wildlife surprise emerged from…