Singapore’s GIC-backed HDFC to merge with HDFC Bank in $65-bn deal

 Singapore’s GIC-backed HDFC to merge with HDFC Bank in $65-bn deal

An HDFC Bank in Hyderabad. Photo credit: Wikimedia Commons

HDFC Bank and Housing Development Finance Corp (HDFC) on Monday announced a mega merger worth over $65 billion that would create a financial services powerhouse with a market value of around $160 billion. The deal, by far the biggest-ever corporate merger in India, involves the merger of HDFC, the country’s […]
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Vivek Sinha

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