CCI approves merger of HDFC Bank, HDFC Ltd

  • IANS
  • Stock Market News
CCI approves merger of HDFC Bank, HDFC Ltd
Credit: © Reuters.

Mumbai, Aug 13 (IANS) The Competition Commission of India (CCI) has approved the proposal of merger of HDFC Bank (NS: HDBK ) and HDFC (NS: HDFC ) Ltd.

"Commission approves proposed combination involving amalgamation of HDFC Limited, HDFC Bank, HDFC Investments and HDFC Holdings," CCI said in a tweet on the microblogging platform Twitter (NYSE: TWTR ) on Friday.

Whenever a deals over certain limit has been struck in the marketplace then it needs an approval from the regulator to keep a tab on unfair business practices.

HDFC Ltd, the largest housing finance company of the country in April had decided to merge with HDFC Bank.



Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or


Related Articles