HDFC to sell 22.92% stake in HDFC ERGO

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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