- 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.
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