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Mortgage Lender HDFC Announces Merger With HDFC Bank | Finance and Market | English News
Posted
April 4, 2022
Views
333
Likes
6
Engagement
1.80%
April 4, 2022
333
6
1.80%
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2:22Now PlayingMortgage lender HDFC on Monday announced that it will merge with HDFC Bank, with a share merger ratio of 42 shares of HDFC Bank to 25 shares of HDFC. The proposed transaction will enable HDFC Bank to build its housing loan portfolio and enhance its existing customer base. Post this proposed merger HDFC will hold 41% transaction in the bank. As per an exchange filing the proposed transaction will help leverage and create meaningful value for various stakeholders. It is also expected to benefit from increased scale, comprehensive product offering, balance sheet resiliency and the ability to drive synergies across revenue opportunities, operating efficiencies and underwriting efficiencies.
#HDFCMerger #Market #EnglishNews
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