CCI nod for merger of HDFC Bank, HDFC Ltd

| | New Delhi
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CCI nod for merger of HDFC Bank, HDFC Ltd

Sunday, 14 August 2022 | PTI | New Delhi

Fair trade regulator Competition Commission of India (CCI) has approved the merger proposal of HDFC Bank and its parent HDFC Ltd.

The proposed combination envisages the merger of HDFC Investments and HDFC Holdings with HDFC Ltd in the first step and subsequently, the merger of HDFC Ltd into HDFC Bank. In a tweet on Friday, CCI said it has approved the "proposed combination involving amalgamation of HDFC Limited, HDFC Bank, HDFC Investments and HDFC Holdings." In April, the country's largest housing finance company announced that it will merge with HDFC Bank.

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