Current Affairs

GK MCQs Section
Q. HDFC has completed the acquisition of majority stake in which private Insurance company recently?
Answer: Apollo Munich Health Insurance
Notes: HDFC and its subsidiary HDFC ERGO has got approvals the Competition Commission of India (CCI) , the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) for acquiring a majority stake in Apollo Munich. HDFC acquired 50.80 % stake of Apollo Hospitals Group in Apollo Munich for ₹1485 crore
It was also announced that after the acquisition, Apollo Munich Health Insurance Co Ltd has been renamed as HDFC ERGO Health Insurance Ltd and will operate as a subsidiary of HDFC.
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