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HDFC And HDFC Merger: An Analysis




Kaushlendra Singh, GLA University, Mathura

Shivam Agrawal, GLA University, Mathura

INTRODUCTION

HDFC Ltd and HDFC Bank began their operation in 2014. An existing agreement of sale of home loans binds them, whereby HDFC Ltd is the seller of a portion of its home loans and HDFC Bank is the buyer/purchaser. Such home loans are entitled to be sold every quarter.

On April 2022, there was approval by The Board of Housing Finance Firm Housing Development Finance Corporation Limited (HDFC Ltd) for the merger of HDFC Bank and its subsidiaries. This announcement led to a rise in the Share Prices of both HDFC Bank Ltd and HDFC Ltd by Rupees 1650 and 2680 respectively.

The completion of approvals and transactions of statutory authorities, regulations, shareholders, and creditors under the applicable laws is yet to be completed as a result of the merger. Due to the complexity of regulatory permissions, 15 to 18 months were anticipated to be needed to complete this merger deal.

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Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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