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Merged HDFC entity may see $200 million outflow; stocks slump

The merged entity of HDFC Bank and Housing Development Finance Corporation is likely to witness outflow by foreign portfolio investors to the tune of around $200 million as global index provider MSCI on Friday announced assigning lower weight to the company than the market expectations. MSCI announced that it intends to add the merged entity of HDFC Bank and HDFC to the large
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