HDFC ERGO acquires 100% stake of L&T General Insurance
"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.
HDFC announced on BSE, that it's subsidiary HDFC ERGO has acquired 100% stake of L&T General Insurance company. Photo: Pixabay