scorecardresearchHDFC-HDFC Bank Merger: Key Highlights

HDFC-HDFC Bank Merger: Key Highlights

Updated: 04 Apr 2022, 10:57 AM IST
TL;DR.
HDFC announced that its board has approved a composite scheme of amalgamation, for the merger of into and with HDFC Limited into HDFC Bank, and their respective shareholders and creditors. HDFC will acquire a 41 percent stake in HDFC Bank through the transformational merger, according to an HDFC Bank filing with the stock exchanges. The HDFC-HDFC Bank merger is expected to be completed by the second or third quarter of FY24. HDFC said the Proposed Transaction shall enable HDFC Bank to build its housing loan portfolio and enhance its existing customer base. Let's take a look at what its investor presentation says: