Yuva Patrkaar, New Delhi : HDFC Ltd. will be merged with HDFC Bank today i.e. on Saturday. The boards of both approved the merger on Friday. With this, HDFC Bank will become the fourth largest bank in the world after JP Morgan, Industrial and Commercial Bank of China and Bank of America.

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Most valuable company after Reliance Industries

It will be the most valuable company in the Indian market after Reliance Industries. After the market closed on Friday, the capital of both the companies increased to 14.70 lakh crores. On the other hand, after 46 years of service, HDFC Ltd. Deepak Parekh, chairman of the Institute, also had his last day at the institute on Friday.
HDFC Ltd. shareholders will get 42 shares of the bank

With the transaction taking effect, HDFC Bank will hold 100 per cent public equity. In this HDFC Ltd. The existing shareholders will hold 41 per cent stake in the bank. Har HDFC Ltd. The shareholder will get 42 shares of HDFC Bank for every 25 shares held by him.

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Time to retire: Parekh ji 

In the last meeting of the board, Deepak Parekh ji  said that the time has come to retire. We now look forward to an exciting future of growth and prosperity. With the bank taking over the ownership of the group, the synergy between HDFC Bank and the group companies will deepen. HDFC Bank will provide better service to home loan customers.