Fri, Sep 09, 2016
"The board of Directors of HDFC ERGO General Insurance - a non listed subsidiary of us had approved the acquisition of 100% equity shares in L&T General Insurance for an aggregate amount of Rs 551 crore, subject to reciept of requisite approvals." HDFC said in a statement.
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Fri, Jun 03, 2016
"Considering the importance of scale in the insurance business, consolidation within the industry is inevitable. This transaction marks the beginning of this consolidation phase," HDFC Chairman Deepak Parekh said in a statement.
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