The merger of Housing Development Finance Corporation (HDFC) and HDFC Bank Ltd. was authorised by the National Company Law Tribunal (NCLT) on Friday.
HDFC has secured the necessary clearances from the Competition Commission of India (CCI), the Pension Fund Regulatory and Development Authority (PFRDA), the Securities and Exchange Board of India (Sebi), the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (Sebi) (CCI).
The company has additionally obtained a no objection certificate (NOC) from each stock exchange.
One of the greatest mergers in Indian corporate history is the HDFC-HDFC Bank merger, which was announced on April 4, 2022. With a combined asset base of over Rs 18 lakh crore, the combined organisation is expected to be the third largest company in the nation by market capitalization following the merger.
