New Student Offer - HELLO

Join Here

NLCT approves HDFC merger with the HDFC Bank

Published on March 18, 2023
Current context: The national company law tribunal has approved the merger of the Housing development finance corporation with HDFC bank. The shares of each hdfc constituents rose by 1% each.
NLCT approves HDFC merger with the HDFC Bank
  • A joint company scheme had been filed with NLCT seeking the sanction of NLCT. The merger process will be completed by July.
  • HDFC announced its merger on 4th april, 2022
  • HDFC will become the 100% owned by public shareholders and the existing shareholders of HDFC will get 41% of the bank
  • HDFC closed at 1.14% on BSE stock exchange and gained 1.36% to close at 1572.55rs.

Question :

Q.1 National company law tribunal has approved the merger of the Housing development finance corporation with HDFC bank.
a. SBI
b. National company law tribunal
c. RBI
d. Government of India
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu