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#hdfcmerger | Housing finance company #HDFC Limited announces merger with #hdfcbank

Following the announcement, shares of the two entities witnessed a sharp rise of between 8-9% each on key equity indices. scroll.in/latest/1021058
#hdfcmerger | As per the proposed deal, HDFC Bank will be 100% owned by public shareholders and existing shareholders of HDFC will own 41% of the bank.

Each shareholder will get 42 shares of HDFC Bank for every 25 shares of HDFC scroll.in/latest/1021058
In a press conference, #HDFC chairperson Deepak Parekh termed the deal a merger of equals.

“After 45 years in housing finance, we have to find a home for ourselves which we found in our own family company HDFC Bank.” scroll.in/latest/1021058
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