What will happen to HDFC Life post HDFC-HDFCBANK Merger?

General
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HDFC Ltd holds 51.55% stake in HDFC Life as a Promoter.

So what will happen to HDFC Life shares post HDFC-HDFCBANK Merger?
Would HDFC Bank would own that stake post merger? or HDFCLIFE too get merged with Bank?
Or merged entity needs to comply with RBI norm of 20% (or of 50% present norm)and trim the stake?
How this excess stake sell generally happen? Only through block deals or do they sell in Open Market too?

2

An Interesting article regarding this aspect.

Generally these kind of sale has to happen by block deals as the quantity of shares that is traded are on the higher level. For a block deal, minimum quantity is 5 lack shares or minimum value of 5 crore

1 Like
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@neha1101 Thanks…

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All I know about this is that after the merger, HDFC Limited won’t be a shareholder of the HDFC Bank and HDFC Bank will be owned by its public shareholders only.