Highlights

  • 42 shares of HDFC Bank for 25 shares held by HDFC shareholder
  • Lower cost of loans will be available for housing loan customers

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HDFC, HDFC Bank merger: What this mega move means for shareholders, customers

Keki Mistry on HDFC & HDFC Bank merger: See potential for 7% more room for international investors post merger in the new entity. 

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      It does not get bigger than this! HDFC Bank and mortgage lender HDFC. Here are the details and the mega merger.

      • HDFC to merge into HDFC Bank
        HDFC Ltd will receive shares of HDFC Bank as per approved ratio
      • HDFC Ltd as of record date will get 42 shares of HDFC Bank for 25 shares held by HDFC shareholder
      • HDFC Bank will be 100% owned by public shareholders and existing shareholders of HDFC Limited will own 41% of HDFC Bank
      • HDFC Limited is India’s largest housing finance company with a total AUM of Rs 5.26 lakh crore
      • HDFC Bank, India's largest private sector bank by assets with market cap of Rs 8.35 lakh crore
      • Bank has requested RBI for phased implementation of higher requirements of reserves - CRR, SLR
      • Lower cost of loans will be available for housing loan customers.
      • HDFC will cease to exist after merger is complete
      • Completion of Merger Process: Expected by Q2 / Q3 FY24 (December 2023)

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