Housing Development Finance Corporation Ltd receives all approvals for merger of Apollo Munich with HDFC ERGO

  • Jan 02, 2020 GMT
  • Team Kalkine
Housing Development Finance Corporation Ltd (LON: 60CX) has informed that it has received all requisite approvals for the proposed merger of Apollo Munich with a subsidiary of the Corporation, HDFC ERGO General Insurance Company Limited.
  • The company had earlier reported that it was entering into agreements for acquiring up to 51.2 per cent of the equity share capital of Apollo Munich Health Insurance Company Limited.
  • The corporation has received the approvals of CCI, Reserve Bank of India and the last being from IRDAI on January 1, 2020.
  • After the completion of the planned acquisition, Apollo Munich would be merged with and into HDFC ERGO, subject to the approval of the NCLT (National Company Law Tribunal), Mumbai.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK