<p class="p1" style="text-align: justify;"><span class="s1">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.</span></p>.<p class="p1" style="text-align: justify;"><span class="s1"><strong>Wadia Ghandy & Co</strong> acted for <strong>HDFC Ergo</strong> with a team led by Partners <strong>Ashish Ahuja, Radhika Bhatt </strong>and<strong> Gautam Ganjawala</strong>.</span></p>.<p class="p1" style="text-align: justify;"><strong>Argus Partners</strong> <span class="s1">advised HDFC Limited.</span><span class="s1"> The team consisted of Partners <strong>Krishnava Dutt</strong>, <strong>Adity Chaudhury</strong> along with Gauri Khanna and Aditi Chandak. </span></p>.<p class="p1" style="text-align: justify;"><span class="s1"><strong>Krishnamurthy & Co</strong> acted for L&T with a team led by Partners <strong>Naina Krishnamurthy, Sankar Swamy</strong> along with Aparnaa Bhalotia and Pradhuman Kheechi.</span></p>.<p class="p1" style="text-align: justify;"><span class="s1">HDFC has agreed to pay around 1.1 times the gross premium of L&T General Insurance Company.</span></p>.<p class="p1" style="text-align: justify;"><span class="s1">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 <a href="http://economictimes.indiatimes.com/industry/banking/finance/hdfc-ergo-buys-lt-general-insurance-for-rs-551-crore/articleshow/52571651.cms" rel="noopener" target="_blank">ET</a>.</span></p>
<p class="p1" style="text-align: justify;"><span class="s1">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.</span></p>.<p class="p1" style="text-align: justify;"><span class="s1"><strong>Wadia Ghandy & Co</strong> acted for <strong>HDFC Ergo</strong> with a team led by Partners <strong>Ashish Ahuja, Radhika Bhatt </strong>and<strong> Gautam Ganjawala</strong>.</span></p>.<p class="p1" style="text-align: justify;"><strong>Argus Partners</strong> <span class="s1">advised HDFC Limited.</span><span class="s1"> The team consisted of Partners <strong>Krishnava Dutt</strong>, <strong>Adity Chaudhury</strong> along with Gauri Khanna and Aditi Chandak. </span></p>.<p class="p1" style="text-align: justify;"><span class="s1"><strong>Krishnamurthy & Co</strong> acted for L&T with a team led by Partners <strong>Naina Krishnamurthy, Sankar Swamy</strong> along with Aparnaa Bhalotia and Pradhuman Kheechi.</span></p>.<p class="p1" style="text-align: justify;"><span class="s1">HDFC has agreed to pay around 1.1 times the gross premium of L&T General Insurance Company.</span></p>.<p class="p1" style="text-align: justify;"><span class="s1">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 <a href="http://economictimes.indiatimes.com/industry/banking/finance/hdfc-ergo-buys-lt-general-insurance-for-rs-551-crore/articleshow/52571651.cms" rel="noopener" target="_blank">ET</a>.</span></p>