India's Munjal eyes Ergo tie-up for life JV -paper


BANGALORE, Sept 24 (Reuters) - India's Munjal family, the co-founder of Hero Honda Motors , is close to tying up with German insurer Ergo for a life insurance venture, the Economic Times said on Monday, quoting unnamed sources. The New Delhi-based Munjal family will be the main partner in the joint venture, while the top motorcycle maker Hero Honda may not take a substantial equity stake, the newspaper said. A Hero Honda spokesman did not return calls seeking comment on the report. Hero ...

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