India Digest: HDFC in talks to acquire Apollo Munich; Reliance Nippon floats 3 AIFs

India Digest: HDFC in talks to acquire Apollo Munich; Reliance Nippon floats 3 AIFs

Photo: Reuters

Private sector lender HDFC is in early talks to acquire Apollo Munich Healthcare Insurance, which is a 51:49 joint venture between Apollo Hospitals Group and the Munich Re Group. In a separate development, Reliance Nippon Life Asset Management has floated three alternative investment fund schemes across which it plans to raise at least Rs 1,500 crore.

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