 "investment deals")
NCLT allows merger of HDFC's two subsidiaries with HDFC Capital Advisors
The National Company Law Tribunal (NCLT) on Friday gave its approval for the merger of HDFC Property Ventures and HDFC Venture Capital with HDFC Capital Advisors, taking the merger of the parent with HDFC Bank a step closer.
The tribunal is yet to approve the merger of its two insurance arms and the asset management company as also the patent into the bank as part of the USD 40-billion reverse merger.
In its final order, the NCLT sanctioned a composite scheme of amalgamation of HDFC Property Ventures and HDFC
