HDFC Bank To Buy 51% Stake In Apollo Munich
  • WebDesk BTVI
  • Jun 20 2019

Deepak Parekh, Chairman HDFC said that the company will buy a 51.2% stake in Apollo Munich Health for Rs 1,347 Cr in cash and merge Apollo Munich with HDFC ERGO post stake sale. Shobana Kamineni of Apollo Munich said that funds from the divestment will be invested in growing health care business.