HDFCBSE -0.12 % has initiated discussions for a possible acquisition of Apollo Munich Health Insurance after India’s largest mortgage company raised capital to pursue an inorganic growth strategy, people directly aware of the matter said.
HDFC, one of the contenders for buying Start Health and Allied Insurance, has shifted focus to Apollo, which incidentally has a common joint venture partner with HDFC. Ergo, which is the mortgage giant’s joint venture partner, is part of the Mun ..