InvestorQ : Why has RBI asked HDFC to reduce its stake in HDFC Life and HDFC Ergo?
prachi Patwardhan made post

Why has RBI asked HDFC to reduce its stake in HDFC Life and HDFC Ergo?

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11 months ago
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RBI has directed HDFC Limited to bring down its stake in subsidiaries HDFC Ergo and HDFC Life to 50% or lower. HDFC currently holds 51.15% in HDFC Ergo Health and 50.48% in HDFC Ergo and based on the exchange ratio it will end up with 50.58% in the merged entity. The merger is still awaiting NCLT approval. RBI has also directed HDFC to bring down its stake in HDFC Life to 50% or lower from its existing 51.43%.

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