HDFC Bank to buy stake worth over Rs 1,906 crore in group#39;s general insurer from parent HDFC

"The board of directors of HDFC Bank at its meeting held on June 18, 2021 has approved the purchase of 3,55,67,724 equity shares of Rs 10 each, representing 4.99 per cent of the outstanding issued and paid-up capital of HDFC ERGO General Insurance Company Ltd from HDFC Ltd," HDFC Bank said in the filing.

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