HDFC Bank to command more weightage than Reliance Industries in Nifty
Zee Business Video Team | Updated: July 12, 2023 08:30 AM IST
The reverse merger of HDFC twins has propelled HDFC Bank to a higher weightage in Nifty, surpassing billionaire Mukesh Ambani's Reliance Industries. As a result, HDFC Bank will have more power to shape Nifty's direction. The bank's market cap will also increase after the merger, as HDFC shareholders receive fully paid-up shares of HDFC Bank.
