Procurement News Notice |
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| PNN | 10100 |
| Work Detail | With reference to earlier letter dated June 03, 2016 wherein the Corporation had informed BSE that the Board of Directors of HDFC ERGO General Insurance Company Limited (HDFC ERGO), a non listed subsidiary of the Corporation, had approved the acquisition of 100% stake in L&T General Insurance Company Limited for an aggregate amount of Rs. 551 crore subject to receipt of requisite approvals, Housing Development Finance Corporation Ltd has further informed BSE that : - pursuant to receipt of requisite approvals, HDFC ERGO has acquired 100% shares of L&T General insurance Company Limited and submitted a copy of the press release to be issued by HDFC ERGO in this regard. Also in reference to earlier letters dated August 30, 2016 and September 01, 2016, the Corporation has completed its second issue of Rupee Denominated Bonds aggregating to Rs. 500 crore. |
| Country | India , Southern Asia |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=4702441 |
