Housing Development Finance Corporation (HDFC) said that its board has approved the sale of a 4.99% stake for INR 10 per share or INR 1,906 crore ($260m) in HDFC ERGO General Insurance Company to HDFC Bank Limited in a related party transaction. The housing finance company said that the acquisition of 3.56 crore shares will […]
Germany-based ERGO Group, a subsidiary of Munich Re, has agreed to acquire a 24.9% stake in Taishan Property & Casualty Insurance (Taishan Insurance) in a move to enter into the Chinese property and casualty (P&C) market. Financial terms of the deal were not disclosed by ERGO Group, which will execute it through its subsidiary ERGO […]