HDFC ERGO | Deepak Parekh
Deepak Parekh steps down as the non-executive chairman of HDFC ERGO
Mumbai: Deepak Parekh, the chairman of Housing Finance Development Corporation (HDFC), has stepped down from the post of non-executive chairman of the company's insurance wing HDFC ERGO General Insurance, CNBC TV18 reported on March 2.
The report said that HDFC has nominated Keki Mistry, the current vice-chairman and CEO of the company, as a non-executive chairman.
HDFC Ltd holds a majority stake in the HDFC ERGO while Germany's ERGO International AG owns a 48.46 percent stake.
According to a Moneycontrol report, Parekh continues to be on the board of various companies across diverse, including National Investment and Infrastructure Fund (NIIF) and Siemens India where he is serving as the non-executive chairman.
He is also on the advisory boards of Coca-Cola India, and Accenture, and the international boards of DP World – UAE and Fairfax Financial Holdings Corporation -Canada.
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