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HDFC Limited and HDFC Bank
April 7 , 2022
904 days
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- HDFC’s board of directors has approved the merger of HDFC Bank, India’s largest private sector bank with HDFC (Housing Development Finance Corporation).
- The deal will be building the housing loan portfolio of the bank and will also be enhancing its existing customer base.
- Once the merger deal is completed, HDFC Bank will become a 100% publicly owned company with no identifiable promoter group.
- Post the merger deal, the existing shareholders of HDFC Ltd will own 41% stake in HDFC Bank.
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