Mumbai: HDFC ERGO General Insurance Co. Ltd on Thursday said Germany’s ERGO Insurance Group will raise its holding in the company to 48.74%, buying an additional 22.63% stake for ₹ 1,122 crore.

ERGO buys 23% in HDFC venture SENSEX 81,118.60 -573.38. NIFTY ... HDFC also announced that its British joint venture partner Standard Life will invest ₹1,700 crore in its life insurance firm ...

Mumbai, Oct. 30: HDFC Ltd, the leading housing finance company in the country, today picked Ergo International AG as the new joint venture partner for its general insurance business. Under the ...

Munich Re's <MUVGn.DE> insurance unit Ergo has agreed to buy nearly 23 percent more in its India joint venture with Housing Development Finance Corp <HDFC.NS> for 11.22 billion rupees ($169.03 ...

Mumbai: HDFC ERGO General Insurance – a joint venture between HDFC and German insurer Ergo has completed the merger of HDFC General Insurance (formerly L&T General Insurance) with itself. The ...

German insurer ERGO Insurance Group has decided to increase its stake in its Indian general insurance joint venture with Housing Development Finance Corporation Ltd (HDFC) to 49 from 26 per cent.

The deal was announced shortly after HDFC’s joint venture partner Ergo bought an additional 23% stake in the non-life company from HDFC for Rs 1,122 crore, increasing its holding to almost 49%.

The joint venture, to be called HDFC ERGO General Insurance Ltd., has a capitalisation of about $30 million, HDFC said.

HDFC ERGO General Insurance Company is a joint venture between HDFC Ltd and Munich RE Group's ERGO International AG. Other benefits a customer will get include: 1) Life Insurance Protection: It ...

Somesh Surana has been associated with HDFC ERGO for over 13 years.. Before his elevation, he was Head - Digital Business Group & Marketing at the insurance company. Somesh Surana is a seasoned ...