IRDAI and CCI approve acquisition of L&T General Insurance by HDFC ERGO

MUMBAI: The insurance regulator and competition commission today approved the acquisition process of L&T General Insurance by HDFC ERGO General Insurance. In a statement HDFC ERGO General Insurance said that it has completed the acquisition of 100% shares of L&T General Insurance for Rs 551 crores.

Post necessary approvals L&T Insurance is proposed to be renamed as HDFC General Insurance Limited.

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