I agree, there are no timelines yet. However, most of the regulatory approvals have already been received. Swap ratio has been finalized long ago. Shareholder’s meeting has been called on June 4 to “discuss” the merger and the result of that is a foregone conclusion since HDFC Bank has enough voting power. If I were to ignore the time value of money, then is this a clear case of arbitrage with an upside of 10%? (hypothetically, assuming I have excess liquidity and a low risk appetite)
Which ones are you talking about? Would they have a bearing on this merger? 