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HDFC Ltd to acquire 50.8% stake in Apollo Munich Health Insurance Ltd for Rs 1,336 crore from Apollo Hospitals Group & 0.4% stake held by a few employees for a consideration of Rs. 10.84 crore
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Merger with HDFC ERGO to create a strong health insurance franchise with combined gross direct premium of Rs 10,807 crore
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Munich Health Germany will pay Rs 294 crore to Apollo Hospitals Enterprise Ltd and Apollo Energy Ltd to support the transaction
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Policy holders and channel partners to benefit from enhanced product suite, touch points and digital led service architecture
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Employees to have greater opportunities across functions and geographies
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Transaction to generate significant operating leverage and synergies