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Banking - General Knowledge Questions
After the merger of HDFC Limited with HDFC Bank, what will be the share of public shareholders in the merged entity?
A)
30%
B)
62%
C)
85%
D)
100%

Correct Answer :   100%

Mortgage lender HDFC Limited and its banking arm, HDFC Bank have announced merger, making it the biggest merger in the Indian corporate history. The market-cap of the merged entity will be approx Rs 14 lakh crore (twice the size of ICICI Bank), making it India’s second-biggest entity in terms of market capitalisation, after Reliance Industries Ltd (Rs 18.01 lakh crore). Post merger, HDFC Bank will be 100% owned by public shareholders.

Published On : April 6, 2022
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