The housing finance major has entered into a share purchase agreement for sale of 44,12,000 equity shares, representing 0.62% of the issued and paid-up share capital of HDFC ERGO.

The stake sale is being done in accordance with the direction of the Reserve Bank of India requiring HDFC to reduce its shareholding in HDFC ERGO to 50% or below.

• Business Standard

AZB & Partners advised ERGO International AG led by a team of partners Rajendra Barot and Arvind Ramesh, senior associate Rishikesh Desai.

2021-05-08

Deal value: INR 236 crores (USD 32 million)

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