The bleak global deal environment translated into fewer mega deals in 2023. As a result, there was only one deal above $3 billion — the HDFC Bank-HDFC $60.4 billion deal — compared to five deals in 2022. Accordingly, worldwide M&As fell 17 per cent to a 10-year low of USD 2.9 trillion.
At least five foreign brokerages, Citi, JPMorgan, HSBC, Jefferies and Morgan Stanley have either a buy or overweight call on HDFC Bank with a target price that sits upwards of Rs 2,000.
Stocks to Watch on Monday, July 3: Post the approval of the merger between HDFC Bank and HDFC, the trading window in HDFC Ltd will remain closed till July 13
Stocks to watch on June 28, 2023: HDFC said the announced dates for its merger into HDFC Bank are tentative and subject to completion of certain formalities; JSW Steel could replace HDFC in Nifty50