After the merger of HDFC Bank Limited and Housing Development Finance Corporation Limited, what will be the effect on the shareholders, what is going to change
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Share will be delisted
Explain that the merger of Housing Development Finance Corporation (HDFC) and HDFC Bank will be effective from July 1. After this, the delisting of HDFC shares will be effective from July 13. The shares of the Housing Finance Company will be delisted from the stock exchange from this day. Shares of the combined company will trade from July 17. Through this merger, HDFC will get 41 per cent stake in HDFC Bank. After the merger of HDFC Bank and HDFC, the company will become the second largest company in the country after Reliance Industries in market cap.
what will happen to the shareholders
Explain that under the merger of HDFC Limited and HDFC Bank, investors will be given 42 shares of HDFC Bank instead of 25 shares of HDFC. That is, if you have 10 shares of HDFC Limited, you will get 17 shares under the merger.
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Due to increasing competition from new-age fintech companies and government banks in the market, this merger was being planned long back. The management expects the merger to result in a much larger balance sheet, which will help it take on the market.
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