Highlights

  • 42 shares of HDFC Bank for 25 shares held by HDFC shareholder
  • Lower cost of loans will be available for housing loan customers

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Keki Mistry on HDFC & HDFC Bank merger: See potential for 7% more room for international investors post merger in the new entity. 

It does not get bigger than this! HDFC Bank and mortgage lender HDFC. Here are the details and the mega merger.

  • HDFC to merge into HDFC Bank
    HDFC Ltd will receive shares of HDFC Bank as per approved ratio
  • HDFC Ltd as of record date will get 42 shares of HDFC Bank for 25 shares held by HDFC shareholder
  • HDFC Bank will be 100% owned by public shareholders and existing shareholders of HDFC Limited will own 41% of HDFC Bank
  • HDFC Limited is India’s largest housing finance company with a total AUM of Rs 5.26 lakh crore
  • HDFC Bank, India's largest private sector bank by assets with market cap of Rs 8.35 lakh crore
  • Bank has requested RBI for phased implementation of higher requirements of reserves - CRR, SLR
  • Lower cost of loans will be available for housing loan customers.
  • HDFC will cease to exist after merger is complete
  • Completion of Merger Process: Expected by Q2 / Q3 FY24 (December 2023)

Also read/watch | Sri Lanka crisis: Why dynasty politics and Rajpaksas are being blamed

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