HDFC Bank Announce Merger With ortage Lender

The merger of India's largest mortgage lender Housing Development Finance Corporation (HDFC) with private sector 

Then HDFC will be merged with HDFC Bank. HDFC and its two subsidiaries currently hold 21 per cent of the share capital of HDFC Bank. 

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India's largest private lender HDFC Bank has announced a merger with the country's largest housing finance company HDFC Ltd 

to create a financial services conglomerate. 

HDFC Bank shares jumped as much as 10%, while HDFC Ltd surged 13%

while equity indices Sensex and Nifty rallied over 2.5% in the morning trade on Monday soon after the merger announcement.