New Delhi: Housing Development Finance Corporation (DGFC)today announced that its board has approved a transformational merger of its wholly woned subsidiaries HDFC Investments Limited and HDFC Holdings Limited with HDFC Bank Limited.
Following the transformational merger, HDFC will own 41 per cent stake in HDFC Bank, according to and HDFC Bank filing with the stock exchanges. As part of the deal, shareholders of HDFC Limited will receive 42 shares of HDFC Bank (face value of Rs 1 each) for 25 shares of HDFC Limited (face value of Rs 2 each).
The proposed merger is expected to be completed by second or third quarter of the Financial Year 2024.
Soon after this announcement, hash tag ‘#hdfcbank ‘ started trending on social media, followed by netizens sharing funny and hilarious memes on HDFC bank merger.
Check out some of the reactions here
??Best meme on #hdfcbank and #HDFC merger so far! Via @vimsicle #RRR #Naatu pic.twitter.com/rZ77K4Hvb2
— Chandra R. Srikanth (@chandrarsrikant) April 4, 2022
??Best meme on #hdfcbank and #HDFC merger so far! Via @vimsicle #RRR #Naatu pic.twitter.com/rZ77K4Hvb2
— Chandra R. Srikanth (@chandrarsrikant) April 4, 2022
People who hold HDFC Bank shares.#hdfcbank pic.twitter.com/2eKqPBwceh
— Pankaj Jagtap (@PankajJagtapp) April 4, 2022
HDFC up 15% ?
HDFC Bank up 13% ?
HDFC Life up 7% ?Nifty at 18000 ?
Thanks to HDFC merger announcement ?
HDFC group contributing 90% + of Nifty’s 400 pt gain today ??#StockMarketindia #hdfcbank pic.twitter.com/rK3Rv3Ri2J
— Nigel D’Souza (@Nigel__DSouza) April 4, 2022
Final merger #hdfcbank #hdfcbankltd pic.twitter.com/9yjtbIDvvt
— Piyush (@Piyush_6666) April 4, 2022
Meanwhile #ICICI & other banks on HDFC merger news ???#hdfcbank #Memes pic.twitter.com/U6tVj96ac5
— Shaina Gulati (@shainagbedi) April 4, 2022
After the merger of HDFC and HDFC Bank ?#HDFCBank #HDFC pic.twitter.com/gNDS6P1jMq
— Mehul Fanawala (@mehulfanawala) April 4, 2022
#hdfcbank decides to be merged with #HDFCBoard.#HDFC now? pic.twitter.com/82ecrBGc7F
— Devyani Kohli (@DevyaniKohli1) April 4, 2022
#HDFC and #HDFCBANK to shortsellers today pic.twitter.com/ujiVEMEPSf
— Savio Shetty (@abeautifulmind7) April 4, 2022
HDFC Ltd merger with HDFC Bank
Meanwhile their employee :??#hdfcbank #HDFC #hdfcmerger #hdfcltd pic.twitter.com/jOdK8oN1wT— lydiaapynz (@ludiaapynz) April 4, 2022
Today HDFC bank / HDFC shareholders be like :#hdfcbank #StockMarketindia pic.twitter.com/Y6kS9BFzlh
— Manas Gogia (@ManasGogia) April 4, 2022
Merger of HDFC with HDFC Bank :
Shareholders of #hdfcbank & #HDFC : pic.twitter.com/lAiljcB2mE
— Nidhi Surana (@Nids_surana) April 4, 2022
*HDFC to be merged with HDFC bank*
Other share holders showing #hdfcbank share holders: pic.twitter.com/oqVUB8SEmw
— Shruti (@kadak_chai_) April 4, 2022
People with HDFC shares today:#hdfcbank #hdfc pic.twitter.com/ziKG2BrKpS
— Manasvi Sharma (@manasvisharmaaa) April 4, 2022
People who didn’t know #HDFC and #HDFCBANK were different entities pic.twitter.com/vcQLNjoAUW
— Manvesh Kajale ?? (@manveshkajale) April 4, 2022
Shares of #hdfcbank rose by 10 percent after announcement of Merger scheme.
Reaction of #HDFC management be like?? pic.twitter.com/XlIEkq1si9
— Bhupendra Singh Negi (@BhupendraNegi08) April 4, 2022
People who hold HDFC Bank shares.#HDFCBank #ShareHolders pic.twitter.com/WzXZ5rmKvp
— Avani Ahlawat (@AhlawatAvani) April 4, 2022
