CCI has approved the acquisition of the stake in HDFC ERGO General Insurance Company by HDFC Bank. What percent of the stake will be acquired by the bank in the insurance firm?

• A. 5.22%
• B. 4.99%
• C. 3.55%
• D. 5.11%

Answer: (B)

The Competition Commission of India (CCI) has approved the acquisition of 4.99 percent of the outstanding equity share capital in HDFC ERGO General Insurance Company by private sector lender HDFC Bank.