HDFC Bank to invest ₹49.9 to 69.9 cr in 2 tranches to buy 9.94% equity stake in Go Digit
Premium- HDFC Bank has entered into an indicative and non-binding term sheet with Go Digit Life Insurance
Private sector bank major HDFC Bank on Thursday said it has entered into an indicative and non-binding term sheet with Go Digit Life Insurance Ltd. The bank will invest ₹49.9 crore to ₹69.9 crore in two tranches to acquire up to 9.94% equity stake in the company.
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“The Company proposes to carry out life insurance business in India, subject to grant of certificate of registration by Insurance Regulatory and Development Authority of India," HDFC Bank said in a regulatory filing.
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