HDFC Bank receives RBI approval to sell stake in HDFC Credila
9 months, 4 weeks ago

HDFC Bank receives RBI approval to sell stake in HDFC Credila

Live Mint  

HDFC Bank said that it has received approval from markets regulator Reserve Bank of India to offload 90 percent of HDFC Credila’s total issued and paid-up share capital. The company said in an exchange filing, “ This is in connection with our earlier intimation dated June 19, 2023, wherein we had informed that erstwhile Housing Development Finance Corporation Limited had executed definitive documents on the said day, for disinvestment/sale of approximately 90% of HDFC Credila’s total issued and paid-up share capital, to the Acquirers, subject to regulatory approvals and dispensations.” In August 2023, the Competition Commission of India, the antitrust regulatory body, approved the acquisition of a 90 percent equity holding in HDFC Credila by a private equity consortium consisting of BPEA EQT and ChrysCapital. On June 20 last year, HDFC Ltd disclosed to the exchanges that it had entered into definitive agreements for the potential sale of a 90 percent share in HDFC Credila to a consortium of private equity firms for approximately ₹9,060 crore. “We further refer to our letters dated July 01, 2023 wherein we had informed that HDFC Limited has been amalgamated with and into HDFC Bank effective July 1, 2023, and accordingly, the entire investment of HDFC Limited in HDFC Credila stood transferred to HDFC Bank with effect from July 1, 2023; and dated August 09, 2023 wherein we had informed that CCI at its meeting held on August 08, 2023, granted its approval for the Proposed Transaction in terms of Section 31 of the Competition Act, 2002," the company informed the exchanges.

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History of this topic

HDFC Bank restarts talks with Mitsubishi UFJ for HDB Financial stake sale ahead of IPO: Report
1 week ago

HDFC Bank restarts talks with Mitsubishi UFJ for HDB Financial stake sale ahead of IPO: Report

Live Mint  

HDFC Bank has resumed discussions with the Japanese financial giant Mitsubishi UFJ Financial Group for a sizeable stake sale in its subsidiary HDB Financial ahead of its initial public offering, Moneycontrol reported on Monday, December 16, citing people aware of the development. According to the sources cited by the news portal, Reserve Bank of India norms, introduced on October 4, …

Explained: Why HDFC Bank share price gained 2% today
3 weeks ago

Explained: Why HDFC Bank share price gained 2% today

India Today  

HDFC Bank's market capitalisation surpassed Rs 14 lakh crore on Tuesday after its shares gained in early trade, buoyed by reports of a major block deal. The block deal involved the sale of 21.7 lakh shares, valued at approximately Rs 392 crore based on the bank's previous closing price of Rs 1,804.55. HDFC Bank shares rose 2% in early trade …

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion
3 weeks, 4 days ago

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion

ABP News  

HDFC Bank, India’s largest private sector lender, achieved a significant milestone as its market capitalisation crossed the Rs 14 trillion mark for the first time during Thursday’s intra-day trading on the BSE. The bank's shares soared to a record high of Rs 1,832.75, gaining 1.2 per cent in intra-day trade. Outperforming the Market Over the past six months, HDFC Bank’s …

HDFC Bank market cap crosses ₹14 lakh crore for the first time as stock hits fresh high
3 weeks, 4 days ago

HDFC Bank market cap crosses ₹14 lakh crore for the first time as stock hits fresh high

Live Mint  

India's largest private lender HDFC Bank's market capitalisation topped ₹14 lakh crore for the first time on Thursday, November 28 as the stock rose to its fresh high of ₹1,836.05 today. HDFC Bank's market cap touched ₹14.01 lakh crore but later slipped below the coveted ₹14 lakh crore mark amid sharp profit-taking in the broader markets. HDFC Bank is India's …

Hdfc Bank Share Price Today on 27-11-2024: Hdfc Bank share price are up by 0.23%, Nifty up by 0.04%
3 weeks, 5 days ago

Hdfc Bank Share Price Today on 27-11-2024: Hdfc Bank share price are up by 0.23%, Nifty up by 0.04%

Live Mint  

Hdfc Bank Share Price Today on 27-11-2024: At 27 Nov 11:26 today, Hdfc Bank shares are trading at price ₹1789.5, 0.23% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Hdfc Bank Share Price Today on 26-11-2024: Hdfc Bank share price are down by -0.59%, Nifty up by 0.04%
3 weeks, 6 days ago

Hdfc Bank Share Price Today on 26-11-2024: Hdfc Bank share price are down by -0.59%, Nifty up by 0.04%

Live Mint  

Hdfc Bank Share Price Today on 26-11-2024: At 26 Nov 11:11 today, Hdfc Bank shares are trading at price ₹1774.05, -0.59% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Hdfc Bank Share Price Today on 25-11-2024: Hdfc Bank share price are up by 1.82%, Nifty up by 1.69%
Top News
4 weeks ago

Hdfc Bank Share Price Today on 25-11-2024: Hdfc Bank share price are up by 1.82%, Nifty up by 1.69%

Live Mint  

Hdfc Bank Share Price Today on 25-11-2024: At 25 Nov 11:13 today, Hdfc Bank shares are trading at price ₹1777.8, 1.82% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

HDFC Bank shares hit all-time high above Rs 1,800 amid MSCI rebalancing
4 weeks, 1 day ago

HDFC Bank shares hit all-time high above Rs 1,800 amid MSCI rebalancing

New Indian Express  

MUMBAI: Shares of HDFC Bank, India’s largest private sector lender, surged above the Rs 1,800-mark to hit a fresh all-time high of Rs 1,803.55 on Monday, driven by a surge in trading volumes following the implementation of the Morgan Stanley Capital International November rebalancing. Since the reverse merger with its parent company, HDFC, in July 2023, HDFC Bank's stock had …

Hdfc Bank Share Price Today on 11-11-2024: Hdfc Bank share price are up by 0.69%, Nifty down by -0.03%
1 month, 1 week ago

Hdfc Bank Share Price Today on 11-11-2024: Hdfc Bank share price are up by 0.69%, Nifty down by -0.03%

Live Mint  

Hdfc Bank Share Price Today on 11-11-2024: At 11 Nov 16:00 today, Hdfc Bank shares are trading at price ₹1766.6, 0.69% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Hdfc Bank Share Price Today on 07-11-2024: Hdfc Bank share price are down by -0.46%, Nifty down by -1.16%
1 month, 2 weeks ago

Hdfc Bank Share Price Today on 07-11-2024: Hdfc Bank share price are down by -0.46%, Nifty down by -1.16%

Live Mint  

Hdfc Bank Share Price Today on 07-11-2024: At 07 Nov 16:00 today, Hdfc Bank shares are trading at price ₹1746.15, -0.46% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Hdfc Bank Share Price Today: Up 0.12%, Nifty Down by -0.7%
Trending News
1 month, 3 weeks ago

Hdfc Bank Share Price Today: Up 0.12%, Nifty Down by -0.7%

Live Mint  

Hdfc Bank shares are trading slightly up today, with the stock price increasing by 0.12%. The Nifty is down by -0.7%. The stock has hit a high of ₹1741.7 and a low of ₹1725.1 during the day, but it is currently trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving …

Hdfc Bank Shares Up 3.17%, Nifty Down 0.39% Today
2 months ago

Hdfc Bank Shares Up 3.17%, Nifty Down 0.39% Today

Live Mint  

Hdfc Bank shares are trading up by 3.17% today, while the Nifty is down by -0.39%. The stock has hit a high of ₹1748.2 and a low of ₹1710.5 during the day, and is currently trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 …

HDFC Bank Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY
2 months, 2 weeks ago

HDFC Bank Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY

Live Mint  

HDFC Bank, the country’s biggest private sector lender, on Friday, reported gross advances growth of 7% at ₹25.19 lakh crore as of September 30, 2024, compared with ₹23.54 lakh crore as of September 30, 2023. {{^adFree}} {{/adFree}} HDFC Bank’s advances under management, which include advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment, stood at ₹26.33 lakh crore …

HDFC bank sells $717 million of home loans to reduce credit book
2 months, 3 weeks ago

HDFC bank sells $717 million of home loans to reduce credit book

Hindustan Times  

Indian lender HDFC Bank Ltd. has sold a housing loan portfolio of about 60 billion rupees, seeking to further lighten its credit load amid regulatory pressures on the industry. The deals confirm India’s largest bank in market value is intensifying efforts to shrink its retail loan portfolio amid heightened regulatory pressure to improve the sector’s credit-deposit ratios {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} …

Stocks To Watch: HDFC Bank, IIFL, Nykaa, Hero MotoCorp, TCS, SBI, SJVN, And Others
3 months ago

Stocks To Watch: HDFC Bank, IIFL, Nykaa, Hero MotoCorp, TCS, SBI, SJVN, And Others

News 18  

Stocks To Watch On September 20: Domestic markets ended almost unchanged in a volatile expiry session, continuing the recent trend. In today’s trade, shares of Reliance Infra, VST Industries, IDFC First Bank, NTPC, Vodafone Idea among others will be in focus due to various news developments. Reliance Infrastructure: The company’s board has approved a preferential issue to raise Rs 3,014 …

HDFC Bank's new credit card rules from August 1: Check changes here
5 months, 3 weeks ago

HDFC Bank's new credit card rules from August 1: Check changes here

Hindustan Times  

HDFC Bank, India’s largest bank, has revised the terms for its credit card holders, which will become effective from August 1. These are the key changes announced by the bank for credit cards: 1) 1% charge for using third-party payment apps to make rental transactions Using HDFC credit cards through third-party payment apps such as CRED, PayTM, Cheq, MobiKwik, Freecharge, …

HDFC Bank stock grabs investor interest on likely MSCI flow
6 months ago

HDFC Bank stock grabs investor interest on likely MSCI flow

Live Mint  

Mumbai: HDFC Bank could test its record high over the next few weeks if the momentum on the counter sustains on anticipation that the stock could attract MSCI inflows of $3.5-4 billion if the weight of the stock doubles on the MSCI India Index at the upcoming quarterly review in August, analysts said. {{^adFree}} {{/adFree}} The stock’s life high stands …

HDFC Bank reports Q4 net profit at ₹16,512 crore
8 months ago

HDFC Bank reports Q4 net profit at ₹16,512 crore

Hindustan Times  

Private lender HDFC Bank's net profit in fourth quarter stood at ₹16,512 crore. As per the statement released by the company, HDFC Bank's net interest income - the difference between interest earned and paid - rose 2.1% from the previous quarter to ₹29,080 crore. The bank's core net interest margin was 3.44% on total assets and 3.63% on interest-earning ones, …

HDB Financial Services: Japan-based MUFG to acquire 20% stake in HDFC Bank’s non-banking arm at close $10 bn valuation
8 months, 1 week ago

HDB Financial Services: Japan-based MUFG to acquire 20% stake in HDFC Bank’s non-banking arm at close $10 bn valuation

Live Mint  

The Bank of Tokyo-Mitsubishi UFJ is getting ready to acquire a 20 per cent stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank, at a valuation of $9-10 billion, according to a report by the Economic Times. HDFC Bank, the country's largest private lender, currently owns around 95 per cent of HDB Financial Services, with the remaining 5 …

HDFC Bank ADR rises 7% after Q4 updates lifts sentiments despite reduction in FII shareholding
8 months, 2 weeks ago

HDFC Bank ADR rises 7% after Q4 updates lifts sentiments despite reduction in FII shareholding

Live Mint  

HDFC Bank stock is likely to extend gains on Friday as its US-listed shares rose more than seven per cent on April 4. HDFC Bank American Depository Receipts on the New York Stock Exchange was last up 6.21 per cent at $69.90, after India's biggest private lender's fourth quarter business updates lifted investor sentiments earlier today. The FII ownership in …

Why HDFC Bank shares are rising today after Q4 gross advances, deposits grow
8 months, 2 weeks ago

Why HDFC Bank shares are rising today after Q4 gross advances, deposits grow

Hindustan Times  

HDFC Bank share price today: The share price of HDFC Bank gained almost 3% today after the bank reported 55.4% year-on-year growth in gross advances to ₹25.08 lakh crore as of March 31, 2024, from ₹16.14 lakh crore as of March 31, 2023. The bank’s advances grew by around 53.8% over March 31, 2023 and around 1.9% over December 31, …

HDFC Bank Q4 update: Gross advances up 1.6%, deposits rise 26%
8 months, 2 weeks ago

HDFC Bank Q4 update: Gross advances up 1.6%, deposits rise 26%

Hindustan Times  

HDFC Bank said its gross advances at the end of the March quarter rose 1.6% to 25.08 trillion rupees from the December quarter. Gross advances at ₹16.14 lakh crore in the corresponding period of the previous financial year and rose over ₹24.69 lakh crore as of December 31, 2023, the bank informed. The private lender said that its domestic retail …

HDFC Bank shares decline after CLSA downgrades stock to ‘outperform’, cuts target price
9 months, 1 week ago

HDFC Bank shares decline after CLSA downgrades stock to ‘outperform’, cuts target price

Hindustan Times  

HDFC Bank shares fell over one per cent in early trade today. HDFC Bank share price: The share price of HDFC Bank fell over one per cent. NIM recovery for HDFC Bank will be more ‘U-shaped’ than ‘V-shaped’, it said, adding, “The deposit-gathering requirement increases significantly, and coincidentally, in an environment where deposit growth is challenging for the banking sector. …

HDFC Bank gets RBI nod to acquire up to 9.5% stake in ICICI Bank, 5 others
10 months, 2 weeks ago

HDFC Bank gets RBI nod to acquire up to 9.5% stake in ICICI Bank, 5 others

The Hindu  

HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank. "The approvals were granted pursuant to applications made by HDFC Bank to RBI on December 18, 2023," HDFC Bank said in a regulatory filing. The six lenders in which HDFC …

HDFC Bank gets RBI approval to buy up to 9.50 per cent stake in IndusInd Bank
10 months, 2 weeks ago

HDFC Bank gets RBI approval to buy up to 9.50 per cent stake in IndusInd Bank

India TV News  

The Reserve Bank of India has granted approval to HDFC Bank to acquire an "aggregate holding" of up to 9.50 percent of the paid-up share capital or voting rights" in IndusInd Bank, according to the company's exchange filing. "The Reserve Bank of India, vide its letter dated February 5, 2024 has accorded its approval to HDFC Bank Limited for acquiring …

HDFC Bank holds 95% in HDB Financial. Not for much longer
10 months, 3 weeks ago

HDFC Bank holds 95% in HDB Financial. Not for much longer

Live Mint  

HDFC Bank Ltd plans to sell some of its shareholding in subsidiary HDB Financial Services over some time, two people aware of the matter said on condition of anonymity. HDFC Bank could also consider selling some assets on its loan book to release high-cost borrowings. Additionally, banking system liquidity has dropped from a surplus of ₹9 trillion to a deficit …

LIC gets RBI nod to acquire 9.99% stake in HDFC Bank
10 months, 4 weeks ago

LIC gets RBI nod to acquire 9.99% stake in HDFC Bank

Hindustan Times  

HDFC Bank announced on Thursday that the Reserve Bank of India has allowed the Life Insurance Corporation of India to acquire a 9.99 percent stake in the company. LIC got the approval to acquire 9.99 percent stake in HDFC Bank “LIC has been advised by RBI to acquire the aforesaid major shareholding in the Bank within a period of one …

India's HDFC Bank Sees Period of Consolidation as it Absorbs Mega Merger : Sources
10 months, 4 weeks ago

India's HDFC Bank Sees Period of Consolidation as it Absorbs Mega Merger : Sources

News 18  

HDFC Bank, India’s largest private sector lender, will take 4-5 years to fully digest its merger with its parent last July but expects to restore a key financial metric to pre-merger levels at the end of that period, two sources familiar with the bank’s thinking said. The lender’s quarterly earnings last week prompted a sharp 15% decline in the stock, …

HDFC Bank shares fall 7% day after Q3 results; steep decline in stock market
11 months ago

HDFC Bank shares fall 7% day after Q3 results; steep decline in stock market

Hindustan Times  

HDFC Bank share price: Just a day after its quarterly results were posted, the shares of HDFC Bank fell over 7 percent as the markets opened on Wednesday. HDFC Bank shares fall after Q3 results At 9:15 am on January 17, HDFC Bank share prices were recorded at ₹1583.85 apiece, falling seven percent from its previous closing rate. Not only …

Manappuram Finance, Bharat Dynamics among HDFC Securities’ fundamental picks
1 year ago

Manappuram Finance, Bharat Dynamics among HDFC Securities’ fundamental picks

Live Mint  

The Indian stock market is witnessing a decent rally with the benchmark Nifty 50 index reclaiming 20,000 level on Wednesday led by positive domestic and global market cues. HDFC Securities is bullish on Manappuram Finance, Bharat Dynamics and IOL Chemicals & Pharmaceuticals and advises investors to buy these stocks and add at lower levels for an upside of up to …

HDFC Bank shares rise 2% after Q2 results; should you buy, sell, hold the stock?
1 year, 2 months ago

HDFC Bank shares rise 2% after Q2 results; should you buy, sell, hold the stock?

Live Mint  

HDFC Bank share price today: HDFC Bank share price rose about 2 per cent in early trade on BSE on Tuesday, October 17, a day after the company announced its September quarter results. HDFC Bank Q2 results HDFC Bank reported a rise of 50.6 per cent in standalone net profit at ₹15,976.11 crore for Q2FY24, compared to ₹10,605.78 crore in …

HDFC Bank Q2 Results: Net Profit Jumps 50% To Rs 15,976 Crore, Check Details
1 year, 2 months ago

HDFC Bank Q2 Results: Net Profit Jumps 50% To Rs 15,976 Crore, Check Details

News 18  

HDFC Bank, India’s largest private sector bank, on Monday reported a 50 per cent year-on-year jump in its net profit to Rs 15,976.11 crore for the July-September 2023 quarter. HDFC Bank’s net interest income — interest earned less interest expended — jumped 30.3 per cent to Rs 27,385 crore during the quarter ended September 30, 2023. HDFC Bank’s CASA deposits …

HDFC Bank's Home Loan Portfolio Rises To Rs 48,000 Crore In Q2 Post-Merger With HDFC
1 year, 2 months ago

HDFC Bank's Home Loan Portfolio Rises To Rs 48,000 Crore In Q2 Post-Merger With HDFC

ABP News  

HDFC Bank's approved home loans amounting to Rs 48,000 crore during the July-September quarter of the financial year 2023-24. In the second quarter, the bank's retail loan portfolio saw an 85 per cent surge compared to the previous quarter and a significant 111.5 per cent increase over the same period last year. This reflects a 4.9 per cent increase over …

HDFC Bank readies home loan strategy after the merger
1 year, 3 months ago

HDFC Bank readies home loan strategy after the merger

Live Mint  

MUMBAI : Following the merger with Housing Development Finance Corp., HDFC Bank is gearing up for the festival season, eyeing a 20% plus year-on-year growth in home loan disbursals in the three months through September. As a second step, HDFC Bank is in the process of substantially reducing the turnaround time for home loan customers. However, the bank is planning …

Why HDFC Bank Stock Could Be a Sell
1 year, 4 months ago

Why HDFC Bank Stock Could Be a Sell

Live Mint  

HDFC Bank is the largest private-sector bank in India. Let’s look at the bearish sentiment surrounding HDFC Bank's stock price on charts. HDFC Bank, Daily Chart View Full Image Data Source: Tradingview The resistance at ₹1,700 indicates a strong barrier that the stock has struggled to surpass, pointing to the possibility of a bearish reversal. In Conclusion The daily chart …

Hdfc Bank share price Today Live Updates : Hdfc Bank closed today at ₹1675.7, down -0.76% from yesterday's ₹1688.5
1 year, 5 months ago

Hdfc Bank share price Today Live Updates : Hdfc Bank closed today at ₹1675.7, down -0.76% from yesterday's ₹1688.5

Live Mint  

On the last day, HDFC Bank opened at ₹1680 and closed at ₹1688.5. Hdfc Bank share price NSE Live :Hdfc Bank trading at ₹1684.5, down -0.24% from yesterday's ₹1688.5 The current data for HDFC Bank stock shows that the price is ₹1684.5. Hdfc Bank share price Today :Hdfc Bank trading at ₹1684.8, down -0.22% from yesterday's ₹1688.5 The current data …

HDFC Bank Q1 results key highlights: 6 things to know
1 year, 5 months ago

HDFC Bank Q1 results key highlights: 6 things to know

Live Mint  

HDFC Bank reported a healthy April-June quarter scorecard of the current financial year on Monday as barring a mild miss on the asset quality sequentially, the numbers were better than Street estimates. Analysts expected HDFC Bank to report a standalone net profit of ₹11,580 crore for the April-June period, showing an increase of 25.9 per cent compared to the same …

HDFC Bank enters $100 billion m-cap club, fails to pip TCS as number 2 stock
1 year, 5 months ago

HDFC Bank enters $100 billion m-cap club, fails to pip TCS as number 2 stock

Live Mint  

HDFC Bank, the largest private lender in the country, has achieved a new milestone of entering the $100 billion market-capitalisation club after its reverse merger with its parent HDFC Ltd. However, on the Indian bourses, HDFC Bank still lags behind oil-to-telecom conglomerate Reliance Industries and IT major Tata Consultancy Services, sitting on the third position with a market cap of …

HDFC Merger: A Gamechanger For NBFCs And Borrowers? Here's All You Need To Know
1 year, 5 months ago

HDFC Merger: A Gamechanger For NBFCs And Borrowers? Here's All You Need To Know

ABP News  

By Ashish Kukreja India's biggest private lender, HDFC Bank, has merged with the largest mortgage lender, Housing Development Finance Corporation. At the end of the financial year 2022, HDFC Ltd had a loan book of Rs 5.68 lakh crore, while HDFC Bank had a loan book of Rs 13.69 lakh crore. During the Monetary Policy Committee meeting, RBI Governor Shaktikanta …

HDFC Bank completes merger formalities, rebrands HDFC Ltd. offices, branches
1 year, 5 months ago

HDFC Bank completes merger formalities, rebrands HDFC Ltd. offices, branches

The Hindu  

HDFC Bank Ltd., on July 1, said that the Composite Scheme of Amalgamation for the merger of HDFC Investments Limited and HDFC Holdings Limited, the wholly-owned subsidiaries of the Housing Development Finance Corporation Limited with and into HDFC Limited; and HDFC Limited, with and into HDFC Bank Limited has become effective from July 1, 2023 with the all the entities …

HDFC Bank-HDFC Merger: Check Combined Size, Profit, Weightage On Stock Indices, Headcount
1 year, 5 months ago

HDFC Bank-HDFC Merger: Check Combined Size, Profit, Weightage On Stock Indices, Headcount

News 18  

The boards of directors of HDFC Bank and HDFC have cleared the proposal of their merger. Here’s the combined company’s size, profit, employee count, and weightage on stock indices: HDFC Bank-HDFC Merger: Market Valuation The merger of HDFC Bank and HDFC creates a lender that ranks fourth in terms of equity market capitalisation in the world, behind JP Morgan Chase …

HDFC Bank HDFC merger: What this twins merger mean for Indian stock market?
1 year, 5 months ago

HDFC Bank HDFC merger: What this twins merger mean for Indian stock market?

Live Mint  

HDFC Bank HDFC merger: Following the reverse merger, Housing Development Finance Corporation Ltd. is going to merge with its subsidiary HDFC Bank on 1st July 2023. Hence, trading window in HDFC Ltd will remain closed from Monday next week and it will remained closed till HDFC Bank HDFC merger record date, which is fixed on 13th July 2023. To understand …

HDFC to merge with HDFC Bank today, biggest transaction in history of India Inc
1 year, 5 months ago

HDFC to merge with HDFC Bank today, biggest transaction in history of India Inc

Deccan Chronicle  

New Delhi: Housing finance major HDFC will merge with its subsidiary HDFC Bank on Saturday as their respective boards have cleared the proposal on Friday. The board has fixed July 12, 2023, for the transfer of non-convertible debentures while July 7 for the transfer of commercial papers of HDFC Ltd in the name of HDFC Bank. Termed as the biggest …

HDFC Ltd, HDFC Bank Ltd. boards approve merger
1 year, 5 months ago

HDFC Ltd, HDFC Bank Ltd. boards approve merger

The Hindu  

HDFC Bank Ltd. on Friday announced the completion of merger of Housing Development Finance Corporation Ltd. with itself, following the receipt of all requisite shareholder and regulatory approvals. Pursuant to the share exchange ratio as per the merger scheme, HDFC Bank will issue and allot to eligible shareholders 42 new equity shares of the face value of ₹ 1 each, …

HDFC-HDFC Bank Merger: New Entity To Become World's 4th Largest Bank
1 year, 5 months ago

HDFC-HDFC Bank Merger: New Entity To Become World's 4th Largest Bank

News 18  

The merger of HDFC Bank and HDFC will lead to the creation of one of the most valuable banks in the world. Valued at $172 billion, the merged entity will be the fourth biggest bank in the world after JPMorgan Chase, Industrial and Commercial Bank of China, and Bank of America, according to the report. Termed as the biggest transaction …

HDFC Bank-HDFC merger in effect from July 1, to become one of world's most valuable banks
1 year, 5 months ago

HDFC Bank-HDFC merger in effect from July 1, to become one of world's most valuable banks

India TV News  

HDFC Bank-HDFC merger: The merger of the HDFC Bank and the Housing Development Finance Corp will be completed on July 1, making HDFC Bank one of the world's most valuable banks. According to HDFC Group Chairman Deepak Parekh, the boards of HDFC Bank and HDFC will schedule a meeting on June 30 after market hours. If a customer wants to …

Stocks to Watch: HDFC, HDFC Bank, Adani Group, LTIMindtree, SBI
1 year, 5 months ago

Stocks to Watch: HDFC, HDFC Bank, Adani Group, LTIMindtree, SBI

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: HDFC/HDFC Bank: Housing Development Finance Corp. Ltd has tentatively scheduled its $40 billion mega-merger with HDFC Bank Ltd for 1 July, combining the country’s largest private sector lender with the nation’s top mortgage lender. LTIMindtree: The delisting of the country's largest mortgage lender Housing Development Finance …

Bulk deals: HDFC Life, Sapphire Foods, others exchange hands. Check details here
1 year, 5 months ago

Bulk deals: HDFC Life, Sapphire Foods, others exchange hands. Check details here

Live Mint  

Housing Development Finance Corporation on Tuesday increased its stake in its life insurance arm—HDFC Life Insurance. According to bulk deals data on NSE, HDFC on Tuesday bought 1,48,80,000 shares of HDFC Life Insurance at an average price of ₹667.10 per piece, valuing the deal at ₹993 crore. After getting approval from the Competition Commission of India to raise HDFC’s stake …

HDFC denies Deepak Parekh’s comments on effective date of July 1 for merger
1 year, 5 months ago

HDFC denies Deepak Parekh’s comments on effective date of July 1 for merger

Live Mint  

HDFC Bank-HDFC merger: NBFC giant HDFC on Tuesday clarified on media reports about the tentative dates for the completion of its merger with HDFC Bank. Many media reports took rounds referring to the press interaction of HDFC's chairman Deepak Parekh wherein the tentative effective date of the scheme was said as July 1, 2023, and the tentative 'record date' for …

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