Regulators approve HDFC's 51% stake buy in Apollo Munich Health Insurance

In June 2019, HDFC had signed agreement with Apollo Hospitals Group to acquire its 51.2 per cent stake in the health insurance company for Rs 1,347 crore

Regulators have allowed HDFC to acquire majority stake in Apollo Munich Health Insurance from Apollo Hospitals Enterprise Limited (AHEL) and other shareholders.

In June 2019, HDFC signed an agreement with Apollo Hospitals Group to acquire its 51.2 per cent stake in the health insurance company for Rs 1,347 crore.

In this context, agreements had been executed by and amongst, AHEL, HDFC, HDEC Ergo, Apollo Munich Health Insurance Company Limited (AMHI), Apollo Energy Company Limited (AECL), Munich Health Holdings AG and other shareholders of AMHI for and in connection with the acquisition of upto 51.2 per cent of shareholding of AMHI