HDFC Ergo general insurance company is buying L&T General Insurance for Rs. 551 crore, making it the first buyout in the general insurance industry..Wadia Ghandy & Co acted for HDFC Ergo with a team led by Partners Ashish Ahuja, Radhika Bhatt and Gautam Ganjawala..Argus Partners advised HDFC Limited. The team consisted of Partners Krishnava Dutt, Adity Chaudhury along with Gauri Khanna and Aditi Chandak. .Krishnamurthy & Co acted for L&T with a team led by Partners Naina Krishnamurthy, Sankar Swamy along with Aparnaa Bhalotia and Pradhuman Kheechi..HDFC has agreed to pay around 1.1 times the gross premium of L&T General Insurance Company..This acquisition will help HDFC Ergo improve its ranking in the sector from fourth largest to third largest in the private sector insurance segment, reports ET.
HDFC Ergo general insurance company is buying L&T General Insurance for Rs. 551 crore, making it the first buyout in the general insurance industry..Wadia Ghandy & Co acted for HDFC Ergo with a team led by Partners Ashish Ahuja, Radhika Bhatt and Gautam Ganjawala..Argus Partners advised HDFC Limited. The team consisted of Partners Krishnava Dutt, Adity Chaudhury along with Gauri Khanna and Aditi Chandak. .Krishnamurthy & Co acted for L&T with a team led by Partners Naina Krishnamurthy, Sankar Swamy along with Aparnaa Bhalotia and Pradhuman Kheechi..HDFC has agreed to pay around 1.1 times the gross premium of L&T General Insurance Company..This acquisition will help HDFC Ergo improve its ranking in the sector from fourth largest to third largest in the private sector insurance segment, reports ET.
