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Announced

29 May 2023

Completed

30 Jun 2023

HDFC completed the acquisition of an additional stake in HDFC ERGO from ERGO.

Synopsis

HDFC, a private sector bank, completed the acquisition of an additional stake in HDFC ERGO, an insurance entity from ERGO, an insurance group. Financial terms were not disclosed.

Principals

target

Hdfc Ergo

bidder

Housing Development Finance Corporation (hdfc)

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Market Context

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Bidder Team (5)

sashi jagdishan

CEO & Managing Director at HOUSING DEVELOPMENT FINANCE CORPORATION (HDFC)

Manager

bidder

Deals

£ 30.51 B

Total Value

chitrangda singh

Senior Associate at AZB & Partners

Lawyer

bidder

Deals

£ 8.72 B

Total Value

john adwet raghav

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 31.65 B

Total Value

kashish bhatia

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 39.61 B

Total Value

ashwath rau

Partner at AZB & Partners

Lawyer

bidder

210

Deals

£ 211.98 B

Total Value

Vendor Team (1)

paul mccann

CEO at ERGO GROUP AG

Manager

vendor

Deal

n/a

Total Value

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