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HDFC completes acquisition of Apollo Munich Health Insurance

Jan 10, 2020 13:30 IST

HDFC on Thursday said that it has completed the acquisition of 50.8% share in Apollo Munich Health Insurance Company worth ₹1,485 crore. The acquisition was approved by the CCI, the RBI and the IRDAI. Subsequent to this approval, Apollo Munich Health Insurance Company has been renamed as HDFC ERGO Health Insurance Limited and will operate as a subsidiary of HDFC Limited. As per the statement, Anuj Tyagi, ED & Chief Business Officer at HDFC ERGO General Insurance has been appointed as the new MD & CEO of HDFC ERGO Health.

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