Perspective on the merger of HDFC Ltd with HDFC Bank by Mr. Mohit Ralhan, TIW Private Equity
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Below is Perspective on the merger of HDFC Ltd with HDFC Bank by Mr. Mohit Ralhan, Managing Partner & Chief Investment Officer of TIW PE..
“The merger of HDFC Twins has been expected for a long time but it took market participants by surprise today resulting in a significant increase in the share price of both companies as soon as the market opened. This merger has created a financial behemoth, which is still expected to grow at 20%+ rates and may create better profitability with cost synergies. This is also good news for customers with consolidation of services under one entity. RBI has been tightening up the regulatory framework for NBFCs and therefore the pros of keeping Bank and NBFCs as separate entities were diminishing. It looks like an excellent move benefitting all stakeholders which was also quite successfully kept under wraps till the actual announcement.”
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