Tue, Jul 11, 2023
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.
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Tue, Jul 04, 2023
The $64 billion merger between HDFC and HDFC Bank has garnered attention not for the high compensation offered to financial advisors, but for the remarkably low fee they received. About 18 advisors shared a compensation pool of just over $1 million, equivalent to a fee of 0.0002 per cent of the total merger deal.
Mon, Jul 03, 2023
Decline in exports due to non-delivery of shipments: Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki
Tue, Jun 27, 2023
HDFC and HDFC Bank merger to be effective from July 1, board meeting regarding this will be held on June 30.
Thu, Jun 15, 2023
The merger of HDFC Bank and HDFC will create India's second-largest financial institution by assets. However, the merger could put pressure on mutual funds to reduce their holdings in the merged company, as SEBI rules state that mutual funds cannot invest more than 10% in a single security. It is estimated that funds may need to sell Rs 30-40 billion of the merged company's stock to comply with regulations.
Thu, May 18, 2023
RBI approves SBI Funds Management's acquisition of 9.99% stake in HDFC Bank. Watch the video to find out how this strategic move will benefit HDFC Bank, expand its housing loan portfolio, and attract a larger customer base.
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