NCLT approves shareholder's meet over merger of HDFC and HDFC Bank.
Sat, Oct 15, 2022 12:22 PM

NCLT approves shareholder's meet over merger of HDFC and HDFC Bank.

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The NCLT has approved calling a shareholders' meeting to seek consent for the proposed merger of HDFC with HDFC Bank. The shareholder meeting will be held on November 25, 2022, to discuss and approve the Scheme of Amalgamation. A wholly-owned subsidiary of HDFC Ltd, HDFC Property Ventures Limited (HPVL), has been transferred to HDFC Bank with the blessing of the Sebi.

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