Applications filed for HDFC-HDFC Bank merger.

“Demand for housing is unlikely to be impacted by interest rate increases”

0
4
Applications filed for HDFC

The merger of HDFC and HDFC Bank is a merger of equals that comes at an opportune time because recent Reserve Bank of India (RBI) regulations have narrowed the operational arbitrage for non-bank lenders. In an interview, Deepak Parekh, chairman of HDFC, tells Saloni Shukla.

HDFC Limited will be merged with HDFC Bank in a mega-merger. As part of the merger between HDFC Ltd. and HDFC Bank, up to 42 HDFC Bank shares would be issued for every 25 HDFC Ltd shares.

Following the merger, HDFC Bank will be owned entirely by public shareholders, with existing HDFC Ltd. shareholders owning 41% of the bank. Because HDFC Limited is regarded as an FII investment, the extinguishment would result in a 7-8 percent headroom for FII investors in HDFC Bank.

LEAVE A REPLY

Please enter your comment!
Please enter your name here