New Delhi: HDFC Bank on Friday said it has allocated over 311 crore new shares of the bank to shareholders of merged entity HDFC Ltd. The share allocation was done as per the swap ratio announced as part of the composite scheme of amalgamation. As per the scheme, every HDFC shareholder has got 42 shares … Read more
Mumbai: NSE Indices, an arm of the National Stock Exchange, has accepted the market participants’ views and amended rules relating to deleting a merged company from indices. Under the new rule, the target company will be deleted from the index a day before the ex-date in case of a merger. Simultaneously, the weight of the … Read more
(This story originally appeared in on Apr 05, 2022) Mumbai: The proposed HDFC Ltd and HDFC Bank amalgamation will involve HDFC Investments and HDFC Holdings merging with the parent mortgage company. Subsequently, HDFC will merge with its banking arm, resulting in all group companies becoming direct subsidiaries of HDFC Bank. Besides the bank, HDFC is … Read more