The largest private bank of India will be created after the merger of HDFC ltd with its own offshoot HDFC bank. Ø Post the merger, HDFC will be fully owned by public shareholders, while existing shareholders of HDFC will own 41% of HDFC bank. Ø The two step merger would take approximately 12-14 months subject to completion of regulatory approvals and customer closing conditions.
The HDFC Merger and Sharemarket
The HDFC Merger and Sharemarket
The HDFC Merger and Sharemarket
The largest private bank of India will be created after the merger of HDFC ltd with its own offshoot HDFC bank. Ø Post the merger, HDFC will be fully owned by public shareholders, while existing shareholders of HDFC will own 41% of HDFC bank. Ø The two step merger would take approximately 12-14 months subject to completion of regulatory approvals and customer closing conditions.