27/02: HDFC Bank, CBoP seal largest merger
HDFC Bank on Monday approved the acquisition of Centurion Bank of Punjab (CBoP) for Rs 9,510 crore in the largest merger in the financial sector in India. However, the merged entity would still be two-fifth the size of the country’s second largest lender, ICICI Bank.
CBoP shareholders will get one share of HDFC Bank for every 29 shares held by them.
CBoP shareholders will get one share of HDFC Bank for every 29 shares held by them.
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