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HDFC Ergo likely to buy Apollo Munich Health Insurance for about Rs 2,600 crore: report

Updated : November 26, 2018 08:24 AM IST

The 51:49  joint venture between Apollo Hospitals and Munich Re Apollo Munich is currently the second-largest health insurance provider. However, after the stake sale deal with HDFC Ergo, Munich Re will exit the company, two people aware of the development told the newspaper.
Germany-based insurance company Ergo, that holds 49 percent stake in HDFC Ergo, is owned by Munich Re.
HDFC Ergo likely to buy Apollo Munich Health Insurance for about Rs 2,600 crore: report
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