24
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.
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.