CCI approves merger of HDFC Bank, HDFC Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The Competition Commission of India (CCI) has approved the proposal of merger of HDFC Bank and HDFC Ltd.
"Commission approves proposed combination involving amalgamation of HDFC Limited, HDFC Bank, HDFC Investments and HDFC Holdings," CCI said in a tweet on the microblogging platform Twitter on Friday.
Whenever a deals over certain limit has been struck in the marketplace then it needs an approval from the regulator to keep a tab on unfair business practices.
HDFC Ltd, the largest housing finance company of the country in April had decided to merge with HDFC Bank.
