Business
HDFC to buy Apollo Munich in a deal worth Rs 1,347 crore
Updated : June 19, 2019 08:45 PM IST
HDFC Ltd will buy a 51.2 percent stake in Apollo Munich Health Insurance, the former said in a BSE filing on Wednesday.
HDFC will acquire 50.8 percent in Apollo Munich for Rs 1,336 crore from Apollo Hospitals Group and 0.4 percent from a few employees for Rs 10.84 crore.
Apollo Munich is India’s second-largest standalone health insurance provider.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV 
