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CCI Granted approval To HDFC's Stake Acquisition In HDFC Life Insurance And HDFC Ergo General Insurance

The Business Guardian

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June 28, 2023

The Competition Commission of India, CCI has given its approval for the proposed combination involving Housing Development Finance Corporation Limited, HDFC Limited wherein it acquired additional shares of HDFC Life Insurance Company Limited (HDFC Life) and HDFC ERGO General Insurance Company Limited, HDFC ERGO.

CCI Granted approval To HDFC's Stake Acquisition In HDFC Life Insurance And HDFC Ergo General Insurance

However, the HDFC Limited is a publicly listed housing finance company which is incorporated under the Companies Act, of 1956, and its shares are listed on the National Stock Exchange of India Limited and BSE Limited with its engagement in order to provide the finance for housing and commercial properties in India.

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