HDFC ERGO is the non-life insurance arm of housing finance major HDFC. The combined size and expertise will result in improved cost efficiencies in the merged entity and benefit policy holders and other stakeholders. HDFC ERGO, which operates through 108 offices, had gross premium of Rs 3,467 Cr and made a profit after tax of Rs 151 Cr.

HDFC ERGO to acquire L&T General Insurance for Rs 551 Cr in an all-cash deal

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