HDFC-HDFC Bank merger decoded: All the details you need to know
· 27.06.2023 · 18:00:02 ··· ··· Tuesday ·· 2 (2)
The Economic Times Housing Development Finance Corporation (HDFC) and HDFC Bank are working towards completing the merger of the two financial behemoths by July 1 and may set July 13 as the record date for swapping shares, HDFC said in an exchange filing on Tuesday. HDFC Chairman Deepak Parekh had said in a CNBC-TV18 report that both the boards will meet on June 30, which would also be the last board meeting of HDFC, and its shares will go off market effective July 13.
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