Deepak Parekh, the chairman of HDFC, announced at a press conference on June 27 that the board of these two businesses would meet on June 30 to finalize the merger, which will start on July 1st. The Housing Development Finance Corporation (HDFC), the largest housing finance company in India, and HDFC Bank, the largest lender ...

HDFC Merger: The stock exchanges BSE & NSE have approved the transfer of non-convertible debentures (NCDs) from HDFC Ltd to HDFC Bank. Stock exchanges BSE and NSE authorized the assignment of NCDs from the mortgage group to HDFC, paving the way for India’s largest corporate transaction ever, the merger of HDFC and HDFC bank, said ...

HDFC Bank is the largest private sector lender in India. It has raised $750 million via a dollar bond sale. It will pay a 5.7% coupon with 3 years of maturity. The largest private lender in the nation, HDFC Bank, revealed on Thursday that it has secured $750 million through the selling of dollar bonds. ...