{"id":2015,"date":"2023-06-27T17:12:06","date_gmt":"2023-06-27T11:42:06","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=2015"},"modified":"2023-06-27T17:12:07","modified_gmt":"2023-06-27T11:42:07","slug":"hdfc-hdfc-bank-merger-to-be-effective-from-1-july-hdfc-shares-will-be-delisted-on-13-july","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/hdfc-hdfc-bank-merger-to-be-effective-from-1-july-hdfc-shares-will-be-delisted-on-13-july\/","title":{"rendered":"HDFC-HDFC Bank merger to be effective from 1 July; HDFC shares will be delisted on 13 July"},"content":{"rendered":"\n<p>The merger of HDFC and HDFC Bank will be effective from 1 July.<\/p>\n\n\n\n<p>HDFC and HDFC Bank\u2019s merger will be effective from 1 July onwards. HDFC shares will stop trading and be delisted from the bourses on 13 July. Prior to the merger, both lenders will have a final board meeting each on 30 June, after office hours, to clear and approve the merger, said HDFC Bank Chairman Deepak Parekh. HDFC and HDFC Bank announced their merger plans last year, on 4 April. HDFC will obtain a 41% stake in HDFC Bank and the bank will be owned entirely by public shareholders. All HDFC\u2019s subsidiaries will be moved under HDFC Bank\u2019s banner.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">HDFC-HDFC Bank merger to create a bigger behemoth<\/h2>\n\n\n\n<p>Experts project that following the amalgamation, the lending powerhouse will boast of an asset totaling Rs 18 lakh crore. The merged entity will be the second largest bank in India after SBI, and double the size of private lender ICICI Bank. \u201cAfter 45 years in public finance, providing 9 million homes for Indians, we have to find a home for ourselves. And, we have found a home in our own family company HDFC Bank,\u201d Deepak Parekh had said when plans for the merger were announced.<\/p>\n\n\n\n<p>\u201cThe proposed transaction would create meaningful value for various stakeholders including respective shareholders, customers, employees, as the combined business would benefit from increased scale, comprehensive product offering, balance sheet resiliency, and the ability to drive synergies across revenue opportunities,\u201d HDFC said in an exchange filing.<\/p>\n\n\n\n<p>HDFC, HDFC Bank share price movement<br>HDFC Bank\u2019s shares jumped 2.3% as Deepak Parekh and Keki Mistry announced the details of the merger at a press conference. Concurrently, HDFC stock price rose 2.6% to Rs 2,771 apiece. The combined market-capitalization of the HDFC twins came in at Rs 14.4 lakh crore based on Monday\u2019s market closing price. However, with a market-cap of Rs 16.9 lakh crore, Reliance Industries will continue to hold its position as India\u2019s largest company. HDFC shareholders will receive 42 shares of HDFC Bank for every 25 shares of the non-banking lender held by them.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/h3>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\">info@eqwires.com<\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/twitter.com\/EqwiresRA\">Twitter<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-medium-brown-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The merger of HDFC and HDFC Bank will be effective from 1 July. HDFC and HDFC Bank\u2019s merger will be effective from 1 July onwards. HDFC shares will stop trading and be delisted from the bourses on 13 July. Prior to the merger, both lenders will have a final board meeting each on 30 June, after office hours, to clear and approve the merger, said HDFC Bank Chairman Deepak Parekh. HDFC and HDFC Bank announced &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/hdfc-hdfc-bank-merger-to-be-effective-from-1-july-hdfc-shares-will-be-delisted-on-13-july\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HDFC-HDFC Bank merger to be effective from 1 July; HDFC shares will be delisted on 13 July&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,210,75,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-2015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trad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