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
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Existing shareholders of HDFC would own 41% in HDFC Bank after the merger
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.