Rare things do command a premium. So did HDFC Bank. In an era when Indian lenders were funding projects worth thousands of crores to secure quick growth, Aditya Puri’s HDFC Bank was chasing thousands of individual salaried men to fund their car and mobile phone purchases. His belief was that someone with a regular income … Read more
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, a subsidiary of the National Stock Exchange, has accepted the market participants’ views and amended existing 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 … Read more
New Delhi: Global brokerages have turned positive on select Indian sectors as the companies have begun to provide updates for the June 2022 quarter performance. That said, some have a word of caution on infra plays. JP Morgan has maintained its ‘overweight’ stance on cement company Dalmia Bharat with a target price of Rs 1,680 … Read more