The Boards of Directors of HDFC Ltd. and HDFC Bank Ltd. approved a composite scheme for the amalgamation of HDFC Investments Ltd. and HDFC Holdings Ltd with and into HDFC Ltd; and HDFC Ltd with and into HDFC Bank, as well as their respective shareholders and creditors. As a result, when the scheme takes effect, public shareholders would control 100% of HDFC Bank, while existing HDFC Ltd. shareholders will own 41%.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
KEY POINTS:
Why in News? In a decisive move following the April 22 Pahalgam terror attack, the…
India has played a pivotal role in a significant scientific milestone — the completion of…
In a significant development for India's cultural heritage, the ancient group of temples and monuments…
In a world that is increasingly recognizing the power and potential of women leaders, Forbes…
In a major global step towards ecosystem restoration, the Food and Agriculture Organization (FAO) of…
NITI Aayog released a report titled Enhancing Competitiveness of MSMEs in India, in collaboration with…
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
