- 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
a. SBI
b. National company law tribunal
c. RBI
d. Government of India