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HDFC twins merge in $40-billion deal: The making of a behemoth

The merged entity would be the second-biggest in terms of m-cap (Rs 14.05 trillion), ahead of TCS but behind RIL

HDFC Bank ranked number 16 for overall equity deals business last year, and number 29 in 2019, according to data compiled by Bloomberg.
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Existing shareholders of HDFC would own 41% in HDFC Bank after the merger

Krishna Kant New Delhi
HDFC Bank, following the amalgamation with HDFC, would be among the biggest firms in the country on most financial parameters. The merged entity would be the second-biggest in terms of m-cap (Rs 14.05 trillion), ahead of TCS but behind RIL. It would also jump to the second spot in terms of profitability.