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HDFC’s reverse merge with HDFC Bank

October 26, 2006

Their are rumors again on the street that HDFC is planning to merge itself HDFC Bank Limited. HDFC Bank stock has moved up considerably since the June market crash while HDFC Limited has been a market performer. This may imply that HDFC Bank shareholders are likely to benefit from the merger. HDFC has rejected any such move but in the Diwali Special of Samavat interview with Ramesh Damani, Rakesh Jhunjhunwala and Shankar Sharma, Mr. Jhunjhunwala was of the opinion that HDFC Bank Limited is a great stock to have in one portfolio.

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