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AZB acts for ERGO on HDFC's $32m off-load of general insurance subsdiary post RBI orders - Legally India - Career Intelligence for Lawyers, Law Students


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In Brief
Friday, 21 May 2021 22:13
Capital Markets
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. ....

Arvind Ramesh , Rajendra Barot , Hrishikesh Desai , Reserve Bank , அரவிந்த் ரமேஷ் , ராஜேந்திரா பரோட் , ரிஷிகேஷ் தேசாய் , இருப்பு வங்கி ,