HDFC to Merge With HDFC Bank, Approves Board; A Financial Behemoth in the Making

The share exchange ratio for the amalgamation of HDFC Limited with and into HDFC Bank shall be 42 equity shares (credited as fully paid up) of face value of Re 1 each of HDFC Bank for every 25 fully paid-up equity shares of face value of Rs 2 of HDFC Limited

from Top Business News- News18.com