BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Research Report
The board of HDFC Bank Ltd. has approved a transformational merger with Housing Development Finance Corporation Ltd.
Shareholders of HDFC as on record date will receive 42 shares of HDFC Bank (face value Rs 1/- each) for 25 shares of HDFC (face value Rs 2/-each).
HDFC's shareholding in HDFC Bank will be extinguished as per the scheme of amalgamation upon the scheme becoming effective.
Transaction completion is subject to shareholders, creditors and regulatory approvals including from Reserve Bank of India, Insurance Regulatory and Development Authority of India, Competition Commission of India, Securities and Exchange Board of India and Stock Exchange.
Closing is expected to be achieved within 18 months, subject to completion of regulatory approvals and other customary closing conditions.
The combined entity will integrate the two companies' complementary strengths, providing a fulfilling customer relationship. Following the merger, HDFC Bank consumers will be able to access mortgages as a core product seamlessly.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
