There was a lot of excitement among the investors as soon as the news of the merger of HDFC Bank and HDFC Ltd came. Its effect was also visible on the stock market that day. But this enthusiasm remained only for one day, while the decline in its shares started the very next day, it continues. Talking about the latest situation, investors have suffered a loss of Rs 2.6 lakh crore in just nine days.
Big drop in market capitalization
According to a report, the shares of HDFC have lost nine to ten percent in this period. HDFC Bank\'s market capitalization as of April 4, 2022, was Rs 9,18,591 crore and in these nine days, it declined by Rs 1.67 lakh crore to Rs 7,51,421 crore on Tuesday. Apart from this, the market capitalization of HDFC Ltd as of April 4 was Rs 4,85,692 crore, which declined to Rs 3,94,097 crore. Accordingly, there has been a loss of Rs 91,595 crore in its value.
Losses as much as Bajaj Finserv\'s value
According to the report, after the announcement of the merger of the two companies, the market capitalization which started decreasing is proving to be very bad for those investing in them. Looking at the loss figures, the amount of money that investors have lost in these nine days is equal to the total market value of Bajaj Finserv. Looking at Tuesday\'s figures, Bajaj Finserv has a market cap of Rs 2.52 lakh crore.
Downtrend continues on Tuesday
Shares of HDFC Bank were trading down more than two percent at Rs 1,362 on the BSE during opening trade for the ninth consecutive session on Tuesday, with the bank\'s stock falling nearly nine percent in the benchmark in the previous trading sessions. Like HDFC Bank, the shares of HDFC Limited are also trading with a steady decline. Its stock was trading at Rs 2161 till the time of writing the news.
The merger process will be completed in 18 months
Significantly, the merger of HDFC Limited and HDFC Bank was announced in the past. Immediately after the news of this merger, the company\'s shares had jumped up to ten percent. According to the report, some regulatory approvals are yet to be received, after which the deal will be completed in the next 18 months and after that, a new company will be formed. Which will be the world\'s largest lender.
Swati Maliwal Case: The Court sent Bibhav to 14 days of judicial custody for, a case of assault on Swati Maliwal
The Tis Hazari court on Friday sent Chief Minister's aide Bibhav Kumar to 14-day judicial custody in the alleged attack on Aam Aadmi Party (AAP) MP Swati Maliwal. Kumar was produced before the court
Mahakumbh Stampede: 'VIP culture should end...' Rahul Gandhi's anger erupts on stampede; Akhilesh Yadav also gets angry at Yogi government
There was a stampede in the Sangam area of Prayagraj on Tuesday night. Many people were injured in this accident. Even though the situation in the Maha Kumbh is under control, the opposition is
Population Control Law: How much does the country need a population control law, what will change with its coming? Learn everything in 10 points
Union Minister Prahlad Patel said that soon a law will be brought for population control. Patel said this in Raipur on Tuesday. This is not the first time that discussions are going on in the country
Udaipur Files: Delhi High Court refuses to ban 'Udaipur Files', film will be released today
The film 'Udaipur Files' has been in controversy since the beginning. This film was to be released on 11 July. But some religious organizations went to court against it. Due to the matter being in
Nuh Violence: Sold vegetables... set up street vendors, then Bittu Bajrangi created identity as a Hindu leader, full story
Gauraksha Bajrang Force president Rajkumar alias Bittu Bajrangi Kas, arrested in Nuh violence, has a 30-year-old relationship with Faridabad. According to the local people, he had settled here 30
Adani Vs Ambani: Adani is ahead of Ambani in the race for wealth, knows everything about the business and earnings of both
There is a long-running race between two of India's top billionaires, Reliance Industries chairman Mukesh Ambani, and Adani Group chairman Gautam Adani, among the world's top billionaires. While
Will Putin pay India's price to Shahbaz? Pakistan wants to buy oil from Russia
With the rate at which Russia is selling oil to India, Pakistan also wants to buy oil from Putin at the same rate. Pakistan's Finance Minister Ishaq Dar, who is on a visit to the United States, has
Achievement: India is the fourth largest research country in the world, and most research in these subjects
India is the fourth largest research country globally. According to data from the research database Cyval, between 2017 and 2022, there has been a 54 percent increase in this sector. This figure is
Israel Vs Gaza: Israel's new trick to eliminate terrorists hiding in Gaza, filling Hamas tunnels with seawater
The Israel-Hamas conflict has been going on for more than two months. While on the one hand, Palestine is asking for support to stop the conflict, on the other hand, Israel's retaliatory action is
Animal Twitter Review: Did Ranbir Kapoor look strong in Animal or proved to be a fuss? Read reviews before booking tickets
There has been a lot of hype about Animal for the last several days. The film has been released in theaters on Friday amidst tremendous discussion. Along with this, the review of Animal has also come
