Form 6-K HDFC BANK LTD For: Oct 16 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The combined shares of the HDFC twins will have the highest weighting on the indices at close to 14 per cent, much higher than the present index heavyweight Reliance Industries with a 10.4 per cent weightage.
HDFC Bank has a presence in more than 3,000 cities/towns through its 6,342 branches, with about 50 per cent of these branches in semi-urban/rural geographies in the country. The day when the merger was announced, the shares of both the companies rose sharply, rallying as high as 11-14 per cent in intra-day trade. HDFC Twins Shares Fall on a Downtrend Since Announcement of Merger.