HDFC Bank HDFC Limited Merger Scheme of Arrangement 2022

HDFC Bank and HDFC Limited announced their transformational merger via a Scheme of Arrangement on April 11, 2022. The combination creates a unified entity offering comprehensive banking and housing finance services. HDFC Bank shareholders receive 42 shares of HDFC Bank for every 25 shares of HDFC Limited held, with regulatory approvals expected within approximately 18 months.