WebApr 4, 2024 · The share exchange ratio for the amalgamation of HDFC with and into HDFC Bank will be 42 equity shares, credited as fully paid up, of the face value of Re 1 each of HDFC Bank for every 25 fully paid-up equity shares of the face value of Rs 2 of HDFC, the bank said. ... HDFC Bank share price rose 13 per cent on announcement of a … WebApr 5, 2024 · After the merger, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank. Shareholders of HDFC Ltd will receive 42 shares of …
HDFC Ltd to merge with HDFC Bank; shares jump up to 12% in …
WebApr 5, 2024 · The shareholders of HDFC Limited will receive 42 shares of HDFC Bank for 25 shares of HDFC Ltd. (Share Swap Ratio). After the merging process, the shareholding of HDFC Ltd. in HDFC Bank will be stamped out. ... Share Swap Ratio – It is a rate that an acquiring company will offer its own shares in exchange for the target company’s shares ... WebApr 4, 2024 · Key Highlights: Merger of India’s largest Housing Finance Company, HDFC Limited with the largest private sector bank in India, HDFC Bank. HDFC, over the last 45 years has developed one of the best product offerings, delivered in a cost effective manner and in an efficient turn-around time, making it a leader in the housing finance business. chandelier cleaning river oaks
HDFC Bank gets RBI nod for HDFC merger - Business Standard
WebApr 4, 2024 · The scheme of amalgamation will be subject to various regulatory approvals, including from the Reserve Bank of India (RBI) and the Securities and Exchange Board … WebFeb 25, 2008 · With the announcement of share swap ratio, the HDFC Bank scrip surged 3.33 % to Rs1,524, while that of CBoP dropped 7.27% to Rs52.30 on the Bombay Stock Exchange. WebApr 5, 2024 · While the share swap ratio has been fixed at 1.68 shares of HDFC Bank for every share of HDFC Ltd, the source said the shares of HDFC Bank and HDFC Ltd have … chandelier cleaner with no wiping