time：2022-06-29 20:30:46 Stand-alone game baccarat Views：4591
live blackjack tipico Stand-alone game baccarat 188bet xiaoba,365 sports app secured mobile version download,888 live dealer da fa 888 download,ag forum,aobo sports app download,asian handicap football lottery download,baccarat betting method,baccarat gaming platform,baccarat predict,baccarat zhupanlu,baozi slot machine game,beimeibohou application website,bet365 link,betting sites in india,bifanlichuangfu,bodog mobile platform,book of pace cricket,cai77 give away bonus,candy party gaobeibaofen,carnival give away 20 bonus,casino apache,casino promotion,casumo review india,chess x ray,clef professor live,cricket date,cricketzine,da fa 888 download official installation,dafa888 download installation pack,daily lianhuanduobao official website,difference of soccer lottery and side bet,dream city platform customer end,electronic game competition registration,elufa pt slot machine,esports xbox one,fa football cup,five star gaming entertainment sign up,football Lottery app is not easy to buy,football lottery handicap market,football lottery parlay limit,football lottery shoumila,football m u,free entertainment betting account wap,fruits slot machine spit rate,galaxy agnesb,galaxy entertainment casino official website url,galaxy mg casino city,gambling establishments involving pornography,genesis casino affiliate program,gk questions on cricket with answers,golden sand gambling,grand lisboa casino website,hainanshishui betting industry,hd cricket app,hong kong mark six lottery information,how to bet on cba basketball,How to play UEFA Champions League football,huaqiuwang instant scoring,international the venetian platform,is there any winning in baccarat,jiaxi galaxy hejin electronics,jinyingdao international entertainment,kaifa alternate,las vegas entertainment platform,leovegas is fake or real,lianhuanduobao cash,lianhuanduobao thinking,lisboa casino agent,lisboa reputation betting platform,live casino poker room,Live Sic Bo game skills,lottery football lottery odds,lovebet 1. bundesliga,lovebet e transfer time,lovebet place 6,lovebet.vnn,ludo voice chat,macau casino entertainment account opening,macau galaxy online real people,macau grand lisboa entertainment website,macau mgm,macau slot machine customer service end,macau venice official website,Mark Six draw Results 2017,mgm candy party,mobile fishing galaxy entertainment,myanmar casino slot machine,new galaxy entertainment withdraw,niuniu fpv app,odibets mega jackpot bonuses,online black and red roulette,online electronic gaming entertainment web,online game question answer,online poker kentucky,online slots no deposit free spins,parimatch apk download android,play electronic games to win money,poker io,prince online entertainment,q professor football lottery software,quiz football lottery handicap,real money fishing sign up give away money,real people dragon tiger fight account opening,rebate account opening,roulette demo game,rule thirds,rummyculture app update download,second galaxy official website reservation,shibo international alternate,sign up free bonus entertainment platform,slot machine car game,slot machine joystick game,slot machine videos,Soccer ball prediction,soccer lottery macau market payout,soccer lottery win and loss shrink software,sports e team,sports scoring official website,Stand-alone gaming machine,tangqiao galaxy electronic,texas holdem vs omaha,the poker palace,The Wolf Of Moon,today soccer lottery quiz recommendation,two eight bars room card agents join in,video games to play online,wanshibo,what are the most reputable casino,Where can I buy second-hand slot machines,why only few of single pass in sports lottery,wuju real people blogger,xida entertainment,xiyingmen live casino,yingcai football lottery software,yongyinghui card game,zhizhunbao casino .HDFC to be merged with HDFC Bank | What it means for shareholders
In the biggest merger in corporate history, India's largest housing finance company Housing Development Finance Corporation (HDFC) will merge into HDFC Bank which is India's leading private lender, according to a regulatory filing on Monday.
HDFC on Monday said that its board has approved the merger of its wholly owned subsidiaries HDFC Investments Limited and HDFC Holdings Limited with HDFC Bank Limited.
The HDFC-HDFC Bank merger is expected to be completed by the second or third quarter of FY24. After the merger, HDFC Bank will be 100 per cent owned by public shareholders and existing shareholders of HDFC Limited will own 41 per cent of HDFC Bank.
Under the proposed deal, the share exchange ratio will be 42 equity shares each of HDFC Bank for every 25 equity shares held in HDFC Ltd.
"... after considering the recommendation and report of the Audit Committee and the Committee of Independent Directors, the Board of Directors of HDFC Bank, at its meeting held on April 4, 2022 approved a composite scheme of amalgamation HDFC Investments and HDFC Holdings, into and with Housing Development Finance Corporation Limited (HDFC Ltd); and HDFC Ltd into HDFC Bank, and their respective shareholders and creditors," the filing said.
HDFC said the Proposed Transaction shall enable HDFC Bank to build its housing loan portfolio and enhance its existing customer base.
"Board of Directors of HDFC Ltd & Board of Directors of HDFC Bank, at their respective meetings today, approved an all-stock amalgamation of HFDC with HDFC Bank. Amalgamation is subject to the approval of shareholders of HDFC & HDFC Bank respectively," Deepak Parekh, Chairman, HDFC Ltd, said.
"The HDFC-HDFC Bank merger will not impact employees of HDFC Ltd," Parekh added.
"The merge will prove out to be beneficial for both as HDFC Ltd will come out from a holding company discount whereas the HDFC Bank will now get more home loan in its portfolio," Ravi Singhal, Vice Chairman, GCL Securities Limited, said.
Ravi Singh, Vice President and Head of Research, Share India, said that the operating profits will see a surge on the strong commercial banking and corporate segment. "The merger of HDFC Bank and HDFC is a complement to the investors and a value addition to HDFC Bank."
The scheme of amalgamation will be subject to various regulatory approvals, including from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), HDFC Bank said in the filing on Monday.
Manoj Dalmia, founder and director of Proficient Equities, said that the merger will help expand the customer base and build a product portfolio in the housing loan category. "We expect a great future ahead for this giant and this merger might be a game-changer in their segment."
Latest Business News