NSE and BSE have given keerin signal to hdfc bank, HDFC..what will happen!! – hdfc ltd receives observation letters from nse and bse for proposed merger

HDFC Limited has received ‘No Adverse Observations’ response letter from BSE and ‘No Objection Observation Letters’ from National Stock Exchange (NSE) on July 2, 2022 for the proposed merger of HDFC Bank, HDFC Investments and HDFC Holdings with HDFC Limited.

The letters of approval come three months after HDFC submitted letters of approval for its merger with its subsidiaries to the two companies’ headquarters.

It has also been mentioned in the letter that they are subject to the legal framework of the country and therefore this integration should be based on proper guidelines and monitoring.

The boards of HDFC Investments and HDFC Holdings have also approved the merger of their respective companies with HDFC Limited. The merger is expected to be completed within 12 to 15 months, HDFC Chairman Deepak Parekh said.