Editor
The boards of directors of HDFC and HDFC Bank have approved the merger of the two with effect from July 1, 2023, both companies informed the stock exchanges late on Friday. Following the amalgamation, HDFC Bank would be the fourth-largest bank in the world with a market capitalisation of Rs 14.73 trillion, or nearly $180 billion.
On July 13, shareholders of HDFC will be issued shares of HDFC Bank, and HDFC shares will not be traded on…
