1 min read.Updated: 04 Apr 2022, 10:56 AM ISTLivemint
As part of the deal, shareholders of HDFC Ltd will receive 42 shares of HDFC bank for 25 shares held
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Shares of HDFC Ltd and HDFC Bank surged more than 15% to ₹2,818 and 14% to ₹1,715 apiece respectively on the BSE in Monday's early deals, after the companies announced plans to merge with each other. Meanwhile, the Nifty Bank index rose over 4%, while the finance index gained over 3%.