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HDFC to sell 22.92% stake in HDFC ERGO

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Capital Market
Last Updated : Dec 17 2015 | 9:02 PM IST

To ERGO International

Housing Development Finance Corporation (HDFC) has agreed to sell 12,33,57,262 equity shares of Rs 10 each of HDFC ERGO General Insurance Company (HDFC ERGO), a subsidiary of HDFC, representing 22.92% of HDFC ERGO's issued and paid up capital to ERGO International AG, Dusseldorf (ERGO) at a price of Rs 90.973 per share).

ERGO is the JV partner with HDFC in HDFC ERGO.

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First Published: Dec 17 2015 | 6:23 PM IST

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