The Axis-Citi, PVR-INOX and HDFC-HDFC Bank deals show it is the season of consolidation. Several factors are contributing to this trend which is only set to gather further momentum.
India’s finest professionally-run business entity is soon going to be history. Housing Development Finance Corporation Ltd (HDFC Ltd), created by Hashmukh T Parekh and nurtured by his nephew Deepak Parekh, will soon become a ‘part’ of the bank it created.