HDFC acquires further stake in HDFC ERGO
(30 Jun 2023)
Housing Development Finance Corporation has today acquired 36,42,290 equity shares of HDFC ERGO representing 0.5097% of its total issued and paid-up share capital from ERGO International AG, the other promoter of HDFC ERGO. Post the said acquisition, the Corporation holds 50.50% of the total paid-up share capital of HDFC ERGO. Accordingly, HDFC ERGO has become a subsidiary of the Corporation.