The merger of HDFC (Housing Development Finance Corporation) and HDFC Bank will create India’s second largest entity by market value. At Rs12.3 trillion the new conglomerate will be less than only Reliance Industries. A few days after the announcement on account of fluctuations in their share prices, the market capitalization of the combined entity was estimated at Rs 14.04 trillion, according to Business Standard (BS).
Keki Mistry
"This is not a question of giving up the identity. HDFC was the holding company, and (HDFC Bank) was a separate entity. Time and again we have looked at the possibility of......