HDFC Bank Share Price

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The merger of Housing Development Finance Corporation Limited (HDFC) with the private sector bank HDFC Bank has been given in the meeting of the boards of both the companions.

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Approval of this merger is yet to be received from other regulatory authorities including The Reserve Bank of India, Securities and Exchange Board of India (SEBI).

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With the announcement of merger of HDFC Ltd with HDFC Bank, there was a big jump in the stock of all the companies of HDFC Group like hdfc ltd, HDFC Bank and hdfc life.

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BIG jump in all HDFC companies Stock

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HDFC Bank shares jump 14% The stock of the country's largest private bank HDFC Bank rose 14.34 per cent to Rs 1,722.10 on the NSE during the day's trading.

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There is also a tremendous rise in the share of HDFC Limited: After the news of HDFC merger, HDFC Limited's stock rose 19.63 per cent to Rs 2,933.80 in early trade.

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HDFC Life shares rose 9%: HDFC Life Insurance's stock rose 8.57 per cent to Rs 597.55 from its previous session's closing level.

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HDFC AMC Share also up: HDFC Asset Management Company Ltd stock price rose 8.92 per cent to Rs 2,480 during the day's trading after the news of the merger surfaced.

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Investors saw a jump of over Rs 3 lakh crore in the stock market's rally in the first hour on Monday after reports of the proposed merger of HDFC Ltd and HDFC Bank surfaced.

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