HDFC Limited has already received permissions from Reserve Bank of India, Securities and Exchange Board of India (SEBI), PFRDA and Competition Commission of India (CCI) as well as India’s stock exchanges BSE and NSE.
HDFC Bank
Image Credit source: File Photo
National Company Law Tribunal (NCLT) approved the merger of HDFC and HDFC Bank on 17 March, which is being touted as the biggest merger in corporate history. India’s largest housing finance company HDFC Limited is going to merge with the country’s largest private lender HDFC Bank to form a bigger bank.
HDFC Limited has already received permissions from Reserve Bank of India, Securities and Exchange Board of India (SEBI), PFRDA and Competition Commission of India (CCI) as well as India’s stock exchanges BSE and NSE. The tribunal had earlier given its nod for holding a shareholders’ meeting to obtain approval for the proposed merger.
Source: www.tv9hindi.com”
