HDFC Bank Merger: A big update has come in the merger of HDFC Limited and HDFC Bank which has been going on for the last one year. Today a big news has come out in this matter. In fact, according to the report, the merger of HDFC Bank (HDFC Bank) and HDFC Limited (HDFC lender) will happen on July 1.
This merger will also come into effect from July 1. After this, the sale and purchase of shares of HDFC Ltd will stop.
After the merger, both the companies will become one and trade will be done in the name of the same company. According to reports, both the companies have called a board meeting on June 30. In that meeting, the merger will be effective and further modalities will be discussed. After the merger of the two companies, the sale and purchase of shares in the stock market of HDFC Limited will stop from July 13.
After the merger, if a new company is formed by merging both the companies, it is natural that the rules will change. Crores of customers will be affected by the merger and after the merger, a new rule will come into effect for all of them, as HDFC gives more interest on Fixed Deposit than HDFC Bank. But this may change after the merger and the new rule will come into effect.
The merger of HDFC Bank and HDFC Limited was announced in April last year. HDFC Limited is the housing lender of HDFC Bank. Experts say that this merger is the biggest ever in India. He said that this merger of 40 crores is going to happen for the first time in the corporate world in India.
