
HDFC twins merger: Here’s how HDFC Bank traded on Day 1 post amalgamation
Shares of HDFC were delisted from stock exchanges today, ending its 4-decade long journey on bourses, and started trading under HDFC Bank ticker.
Shares of HDFC were delisted from stock exchanges today, ending its 4-decade long journey on bourses, and started trading under HDFC Bank ticker.
The smallcap stock has risen 385% in the last one year, from its 52-week low of ₹442.95 on June 23, 2022, to an all-time high of ₹2,150 intraday today.
ABFRL will make an open offer to acquire up to 29% stake at ₹503 per share from public shareholders and the remaining stake from the founder promoters of TCNS.
Following the merger, Butterfly's minority shareholders will hold 3% stake in Crompton.
Aéroports de Paris (ADP) will invest ₹2,900 crore in GMR Airports Infrastructure through 10-year foreign currency convertible bonds (FCCBs).
The stock price got a boost amid a report that Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into Paytm Payments Bank.
AirAsia India, renamed AIX Connect in December 2022, is currently flying with a fleet of 28 A320 planes.
Tata Group chairman N Chandrasekaran says Air India will turn profitable.
The merger of HDFC and HDFC Bank is expected to be completed by the second quarter of FY24.
As per the agreement, the merger will be a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.