Share price of HDFC Bank rose over 13 per cent to Rs 1712.45 on the BSE. Share price of Housing Development Finance Corporation Ltd or HDFC Ltd rose over 15 per cent to Rs 2818.55 on BSE.
Share price of HDFC Bank rose 10 per cent, while the share price of Housing Development Finance Corporation Ltd or HDFC Ltd rose 13 per cent in Monday’s morning trade.
According to a Reuters report, the two companies said that India’s largest private lender, HDFC Bank, will merge with the country’s largest housing finance company, HDFC Ltd, to form a financial services conglomerate.
hdfc bank share price
Share price of HDFC Bank rose over 13 per cent to Rs 1712.45 on the BSE. Share price of HDFC Bank rose 13 per cent to Rs 1,702 on the NSE.
You can check the real-time share price at https://www.bseindia.com/stock-share-price/hdfc-bank-ltd/hdfcbank/500180/.
HDFC Ltd Share Price
Share price of Housing Development Finance Corporation Ltd or HDFC Ltd rose over 15 per cent to Rs 2818.55 on BSE. Share price of HDFC Ltd rose 15 per cent to Rs 2,820 on the NSE.
Investors can track Housing Development Finance Corporation Limited share price at https://www.bseindia.com/stock-share-price/housing-development-finance-corpltd/hdfc/500010/.
HDFC Bank, HDFC Ltd Merger
As part of the deal, HDFC Ltd shareholders will receive 42 shares of the bank for 25 shares. The existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank.
The shares held by the housing finance company in the lender will be liquidated, making HDFC Bank a wholly public company.
Deepak Parekh, Chairman, HDFC Ltd said, “The resulting large balance sheet will allow underwriting of big ticket infrastructure loans, accelerate the pace of credit growth in the economy, promote affordable housing and increase the quantum of credit to priority sector.” will increase.”
HDFC Bank, HDFC Ltd Market Value
As of Friday’s close, HDFC Bank had a market value of 8.34 trillion rupees ($110.06 billion), while HDFC Ltd was valued at 4.44 trillion rupees ($58.59 billion).
