Mortgage major HDFC Wednesday announced acquisition of majority stake in Apollo Munich Health Insurance from the Apollo Hospitals Group and Munich Health for Rs 1,347 crore and will merge the company with its arm HDFC Ergo General Insurance.
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Mortgage major HDFC Wednesday announced acquisition of majority stake in Apollo Munich Health Insurance from the Apollo Hospitals Group and Munich Health for Rs 1,347 crore and will merge the company with its arm HDFC Ergo General Insurance.
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Mahindra and Mahindra and Ford Motor Company on Tuesday announced a joint venture to sell Ford brand vehicles in India and Ford and Mahindra brand vehicles in other emerging markets.Mahindra will hold 51% stake in the new venture with Ford holding the rest. The Detroit-based company will transfer its India operations to the joint venture, including its manufacturing plants and employees. However, the American company will retain its engine manufacturing plant in Sanand, Gujarat.
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#RouteMobile said that its wholly-owned subsidiary Routesms Solutions FZE has entered into a share purchase agreement with the existing shareholders of Interteleco International for Modern Communication Services.
Route Mobile acquires 49% stake in Interteleco
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Airtel acquires 8% stake in Lemnisk #shorts
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RIL unit acquires 23% stake in Exyn Technologies #shortsvideo
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RIL unit acquires 23% stake in Exyn Technologies #shortsvideo
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SoftBank acquires Vision Fund's stake in Arm at valuation of $64 bln #shortsvideo
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Private sector lender Yes Bank Thursday said it has acquired over 9 per cent shares of battery maker Eveready by invoking pledged shares following loan default by a group company. 'Yes Bank, pursuant to invocation of pledge of shares, acquired 68,80,149 equity shares... constituting 9.47 per cent of the post-issue paid-up share capital as at July 3, 2019, of Eveready Industries India Ltd,' Yes Bank said in a regulatory filing.
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Apollo Munich Ad 2013.
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