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HOUSING DEVELOPMENT FINANCE CORP.LTD. - HDFC ERGO to acquire L&T General Insurance
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03 Jun 2016
Housing Development Finance Corporation Ltd has informed BSE that the Board of Directors of HDFC ERGO General Insurance Company Limited (HDFC ERGO), a non listed subsidiary of the Corporation, at its meeting held on June 03, 2016 subject to receipt of requisite approvals, has approved the acquisition of a 100% stake in L&amp;T General Insurance Company Limited for an aggregate consideration of Rs. 551 crore.&lt;BR&gt;&lt;BR&gt;A copy of the intimation received from HDFC ERGO in this regard, containing requisite details of the said acquisition under the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is enclosed herewith&lt;BR&gt;&lt;BR&gt;Further, a copy of the press release to be issued by HDFC ERGO, in the above connection.
View all announcements for HOUSING DEVELOPMENT FINANCE CORP.LTD. Source: BSE India