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HDFC closes acquisition of Apollo Munich Health Insurance for Rs 1,495.81 crore

Updated : January 09, 2020 07:35 PM IST

HDFC bought 50.80 percent stake of Apollo Hospitals Group in Apollo Munich for Rs 1,485.14 crore and 0.36 percent shareholding of employees for Rs 10.67 crore.
The acquisition comes after approvals from the Competition Commission of India, the RBI and the Insurance Regulatory and Development Authority of India.
HDFC stock settled at Rs 1,270.80 on the BSE, up 1.09 percent from the previous close.
HDFC closes acquisition of Apollo Munich Health Insurance for Rs 1,495.81 crore

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