NEW DELHI, Apr 4: The Board of Directors of the HDFC Ltd. and HDFC Bank Ltd. at their respective meetings held on Monday approved a composite scheme for the amalgamation of the HDFC Investments Ltd. and HDFC Holdings Ltd. , with and into HDFC Ltd ; and HDFC Ltd with and into HDFC Bank, and their respective shareholders and creditors. The Scheme and the Proposed Transaction is subject to customary closing conditions. The scheme is subject to the receipt of […]
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India s most valuable bank agreed to take over the country s largest mortgage lender in a deal valued at about $60 billion to ride a boom in home loan.
In the biggest merger in corporate history, India's largest housing finance company HDFC Limited will merge with country's largest private lender HDFC Bank to create a banking behemoth.