Rounak Jain17 Mar 2023, 18:10
The National Company Law Tribunal (NCLT) on Friday approved the merger of HDFC and HDFC Bank. This comes after the HDFC twins received in-principle approvals from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Competition Commission of India (CCI). Announced in April last year, the HDFC-HDFC Bank merger is the largest in India’s corporate history, with the deal valued at nearly $40 billion.