5-April-2022
Kathmandu
HDFC LIMITED and HDFC Bank announcement for merger on 4th April 2022.
4th April 2022 is the surprising day for the shareholders by hearing HDFC LIMITED and HDFC BANK announcement of merger.
Here are the key points on hdfc merger announcement:-
*Merger has been announced however expected to be completed by the second and third quarter of fy 2024.
*The HDFC shareholders will receive 42 shares of the Bank of 25 shares.
* The merger will create together a balancesheet of 17.87 lakh Crore & networth 3.3 lakh Crore.
Let's see the merger & Acquisition history of HDFC Bank:
2000
First merger with Times Bank in Feb 2000.
2008
HDFC Bank acquired Centurian Bank of Punjab for 95.1 billion Indian currency.
2021
The HDFC Bank acquired 9.99% stake in FERBINE.
2021
HDFC Bank agreed with paytm to lunch a range of credit cards.
2022
HDFC LIMITED and HDFC Bank merger announcement on 4th of April 2022.
Source : wiki
Tags:
#hdfc #hdfcmerger #megamerger #bank #mergerhistory
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