The amalgamation of Housing Development Finance Corporation Ltd. and HDFC Bank Ltd.
As per circulars from BSE and NSE, HDFC Bank Ltd. has announced an allotment of equity shares to the shareholders of Housing Development Finance Corporation Ltd. w.e.f 13-Jul-23. 42 equity shares with a face value of Re 1/- each of HDFC Bank Ltd. to be issued as fully paid up equity shares for every 25 fully paid up equity shares with a face value of Rs 2/- each held by shareholders of Housing Development Finance Corporation Ltd.
In view of the above, the existing F&O contracts of expiry months July 2023, August 2023, and September 2023 will expire on 12-Jul-23.
It is hereby notified that the following security will be suspended from trading w.e.f 13-Jul-23.
Name of Company | Symbol | Series | Reason for Suspension |
---|---|---|---|
Housing Development Finance Corporation Ltd. | HDFC | EQ | Scheme of Amalgamation |
Refer: BSE Circular | NSE Circular