Live Breaking News & Updates on Markets news hdfc merger

Stay informed with the latest breaking news from Markets news hdfc merger on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Markets news hdfc merger and stay connected to the pulse of your community

HDFC shares rally 3% as traders look for arbitrage bets ahead of delisting

Shares of HDFC, which has merged with HDFC Bank, surged over 3% as traders sought arbitrage opportunities ahead of the delisting date. The merger deal will create the world's fourth largest bank in terms of market value. Analysts expect the merger to result in strong growth and profitability, with a 15.7% market share. The bank is expected to see loan and deposit growth of around 17% and 19%, respectively. The merger became effective on July 1, with a share swap ratio benefiting HDFC shareholders. The record date for share allotment under the merger deal is July 13.

United-states , China , America , Manish-shukla , Jp-morgan , Economic-times , Hdfc-bank , Hdfc , Hdfc-share-price , Hdfc-shares , Hdfc-stocks , Markets-news-hdfc-merger