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New Deal

New Deal

Announced

Completed

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

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Hdfc Ergo

target

Hdfc Ergo

Housing Development Finance Corporation (hdfc)

bidder

Housing Development Finance Corporation (hdfc)

Ergo Group

vendor

Ergo Group

Sources

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Tags

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India

general insurance

Full Line Insurance

Acquisition

Domestic

Majority

Private

Friendly

Single Bidder

Completed

Synopsis

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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.

Service Providers

Dealmakers (6)

Sashi Jagdishan

Sashi Jagdishan

CEO & Managing Director at HOUSING DEVELOPMENT FINANCE CORPORATION (HDFC)
Deal Bio
Total Deals
2/
Total Value
£30,508M
Chitrangda Singh

Chitrangda Singh

Senior Associate at AZB & Partners
Deal Bio
Total Deals
12/
Total Value
£8,556M
John Adwet Raghav

John Adwet Raghav

Partner at AZB & Partners
Deal Bio
Total Deals
34/
Total Value
£29,084M
Kashish Bhatia

Kashish Bhatia

Partner at AZB & Partners
Deal Bio
Total Deals
25/
Total Value
£38,726M
Ashwath Rau

Ashwath Rau

Partner at AZB & Partners
Deal Bio
Total Deals
188/
Total Value
£197,867M
Paul McCann

Paul McCann

CEO at ERGO GROUP AG
Deal Bio
Total Deals
1/
Total Value
value n/a

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