For every 25 shares of HDFC LTD , share holders will be allotted 42 shares of HDFC BANK. So the ratio will be 42:25. Shares will be allotted in round number. Less than one shares will not be allotted.
Is there some thing Fishy in the big Merger? Money in Left pocket or Right pocket, what difference does it make? There is no staff reduction, not sure about office space. Both are big already, so why sudden urge to find home etc? renting room in your own child's house?
@IPO Gyaaan first of all your question is wrong. Investors holding 25 Shares of HDFC Ltd will get 42 Shares of HDFC Bank because HDFC Ltd is getting merged into HDFC Bank. If you are holding 42 shares of HDFC Ltd then either buy 8 more shares or otherwise you will get the Value of 17 shares (42-25 Shares) in your bank a/c. Moreover, this merger will take approx. 18Months to complete.
If you are holding 42 Shares of HDFC Bank then you have nothing to worry about.
62. Pokemongo| Link| Bookmark|
April 4, 2022 8:06:40 PM
Top Contributor (400+ Posts, 300+ Likes)
Sorry for posting but any experts on Rights Issue? I purchased X-Rights share from market when rights are traded for 2 days. and I am not shareholder of that company. So do i need to go to registrar website to make payment or money will get debited just like how we purchase /sell shares from normal broker account.
54. AMIT IND| Link| Bookmark|
April 4, 2022 11:41:14 AM
Top Contributor (600+ Posts, 100+ Likes)
one should apply as every thing is looking fair . already good subscription in retail . pipe business is growth oriented and no hick ups in near future.