CNBC investing may very well be interpreted in some ways; it may very well be that you are involved in trading using CNBC shares. In accordance with the release issued by the corporate to the Bombay Inventory Alternate, the move is to let Apollo Munich scale up and the merger with HDFC ERGO will create a powerful medical insurance franchise with a combined gross direct premium of Rs 10,807 crore.
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Monetary sector regulators, together with RBI Governor Shaktikanta Das, Sebi Chairman Ajay Tyagi, and IRDAI chief Subhash Chandra Khuntia, and top finance ministry officials were current in the meeting of the Financial Stability and Growth Council (FSDC) headed by the finance minister, an official launch said.
The company on Wednesday introduced to the bourses that HDFC is to acquire a 50.8 per cent stake in Apollo Munich Well being Insurance Ltd for Rs 1,336 crore from Apollo Hospitals Group and 0.four per cent stake held by a number of workers for a consideration of Rs. 10.eighty four crore.
Others who attended the meeting included Chief Financial Adviser Krishnamurthy V Subramanian, Insurance Regulatory and Improvement Authority of India chairman Subhash Chandra Khuntia and Ravi Mital, Extra Secretary, Division of Monetary Companies & in cost, Chairperson, Pension Fund Regulatory and Growth Authority.