CCI approves acquisition of stake by HDFC in 2 insurers

The Competition Commission of India (CCI) granted its approval to mortgage lender HDFC to acquire a certain stake in HDFC Life Insurance Company and HDFC ERGO General Insurance Company Ltd.

These approvals will help pave the way for the merger of HDFC into HDFC Bank, expected to be finalised by the third quarter of this financial year.

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